NEW YORK (GenomeWeb) – Vermillion said today that it is issuing a private placement that could raise around $10.7 million.

The placement consists of about 3.7 million shares of Vermillion common stock to be sold at $1.40 per share — the stock's closing price on Feb. 10 — as well as warrants to purchase up to 2.8 million shares of common stock for $1.80 per share.

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