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.