Close Menu

NEW YORK — Progenity on Friday priced its planned initial public offering of 6,666,667 shares of its common stock at $15 per share, making the transaction worth $100 million.

The Ann Arbor, Michigan-based molecular diagnostics testing lab has also granted the underwriters of the offering — Piper Sandler, Wells Fargo Securities, Robert W. Baird, Raymond James, and BTIG — a 30-day option to purchase an additional 1,000,000 shares at the offering price, which would raise another $15 million.

To read the full story....

...and receive Daily News bulletins.

Already have a 360Dx or GenomeWeb account?
Login Now.

Don't have a 360Dx or GenomeWeb account?
Register for Free.

Mar
18
Sponsored by
Thermo Fisher Scientific

Viruses mutate as they strive to thrive in response to selective pressures.

Mar
29
Sponsored by
Thermo Fisher Scientific

Global genetic surveillance is vital for understanding the evolution of viral pathogens and monitoring for changes in transmissibility, virulence, disease pathology, and impact on the efficacy of diagnostic tests, therapeutics, and vaccines.

Mar
31
Sponsored by
MilliporeSigma

This webinar will outline the development and commercialization journey of a novel CRISPR-based SARS-CoV-2 test.