The cancer diagnostics developer said it was undertaking the reverse stock split in order to meet the Nasdaq's $1 minimum bid price requirement.
A brief recap of Diagnostics news the week of Feb 15, 2019: SpeeDX, Translational Software, PWN Health & Allscripts Healthcare Solutions, Immunovia, Curculogene, Fujirebio Diagnostics, Precipio
A brief recap of the news for Jan 11, 2019: Danaher, Natera, Chembio, and More
The university will use the technology to screen blood samples for certain clinically actionable mutations in non-small cell lung cancer patients.
Precipio said that its ICE COLD-PCR reagents will be sold with PerkinElmer's DNA/RNA extraction and isolation products.
The revenue growth was fueled by continued volume increases in Precipio's pathology services unit, which benefited from a recently expanded sales team.
The company had been warned in March that it failed to meet a listing requirement calling for a minimum $1 per share closing price of its common stock.
The company, which merged with Transgenomic in 2016, attributed the revenue increase to strong demand for its pathology services.