Nanogen, Inc Offers 6.8M Shares of Common Stock

Filed in archive Corporate and Industrial News by ruth on September 28, 2005

Nanogen, Inc. announced today that it will sell 6.8 million shares of its common stock to institutional investors at a price of $2.94 per share, plus 1.0 million warrants exercisable at $4.00 per share for five years.

Nanogen develops diagnostic tools and reagents for researchers, clinicians and physicians, such as real-time PCR reagents, the NanoChip(R) Molecular biology Workstation platform for molecular diagnostic applications and a line of rapid point-of-care diagnostic tests. Nanogen hopes to develop miniaturized diagnostic kits using nanotechnology.

Read nanogen's press release here. More on Nanogen stocks here.

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