Chembio Pulls Plug on $25M Stock Offering, Shares Jump

Oct 25, 2018

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NEW YORK (360Dx) – Shares of Chembio Diagnostics jumped this morning on news that the company had decided not to proceed with a previously announced public offering of up to $25 million of its common stock.

In morning trading, shares of the firm on the Nasdaq were up more than 13 percent at $8.70.

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Chembio Pulls Plug on $25M Stock Offering, Shares Jump

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