Cancer Genetics Unveils IPO Plan

Cancer Genetics Inc disclosed its plans for an initial public offering of up to $50 million in shares.

However, further terms of the IPO were not disclosed.

For the nine months ended Sept. 30, Cancer Genetic posted a loss of $16.8 million, versus a loss of $7.3 million, in the year-ago. Its net revenue surged 34% to $2.1 million.

Cancer Genetics intends to apply to list its shares under the symbol CGIX on the Nasdaq Global Market.

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