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Epigenomics completes €5.18mm stock sale

Executive Summary

Epigenomics (molecular diagnostics for cancer) grossed €5.18mm ($6.7mm) through the sale of 2.7mm new shares at €1.94 each (a 10% premium) to a subsidiary of BB Medtech AG and funds managed by Abingworth LLP. Now the investors each hold 14.9% and 11.1% stakes in the company, respectively. Epigenomics will use the funds to complete development and initiate commercialization of its blood test for colorectal cancer.
Deal Industry
  • Biotechnology
    • Pharmacogenetics-Pharmacogenomics
  • In Vitro Diagnostics
    • Molecular Diagnostics & Genetic Testing
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement
    • Private Investment in Public Biotech

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