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Genetic analysis specialist Sequenom nets $92mm in public offer

Executive Summary

Sequenom (platforms for genetic research and molecular diagnostics) netted $92mm through the follow-on public sale of 6.3mm shares (including the overallotment) at $15.50 each. The company will put the money towards developing noninvasive diagnostics that use its nucleic acid analysis system MassARRAY. Under a license from the Chinese University of Hong Kong, Sequenom is initially focusing on prenatal testing to identify fetal gene and chromosome abnormalities.
Deal Industry
  • Research, Analytical Equipment & Supplies
  • In Vitro Diagnostics
    • Molecular Diagnostics & Genetic Testing
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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