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The company recently agreed to pay millions to three major insurers under settlement agreements related to allegations over undisclosed past business practices.

The Beijing-based company offers genomics products and services, including PCR instruments and cancer sequencing, and maintains a research center in the US.

The firm said it intends to use the credit facility to support its US and European commercial paper programs and for general corporate purposes.

ArcherDx has leveraged next-generation sequencing to develop and commercialize more than 325 research-use-only products and a pan-solid tumor diagnostic test.

The company also inked a deal with an investment bank to publicly offer from time to time up to $4.2 million of its stock.

The Seattle-based immune sequencing firm will not receive any proceeds from the sale of the shares.

The firm plans to raise as much as $250 million, according to the document filed with the US Securities and Exchange Commission.

The company intends to use the net proceeds to repay at maturity or redeem its $800 million aggregate principal amount of senior notes due in 2020.

Patrick Muraca, the former CEO of Nuclea Biotechnologies and NanoMolecularDx, was already serving a prison term of more than two years.

The Genetron Health S5 NGS system is based on the Thermo Fisher Scientific Ion GeneStudio S5 and will be accompanied by Genetron-developed assays.

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