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.