Exact
Sciences raises $146.6 million with stock offering
Special to The Freeman
April 9, 2014
MADISON –
Exact Sciences Corp. announced Wednesday it raised
$146.6 million with the recent public offering of its
common stock.
The Madison-based company sold 11.5 million shares at a
price of $12.75 per share. In total, Exact Sciences
received approximately $137.7 million of net proceeds
from the offering, after deducting the underwriting
discount and estimated expenses of the offering payable
by the company, according to the announcement.
Exact Sciences Corp. is a molecular diagnostics company
focused on the early detection and prevention of
colorectal cancer.
