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Response Genetics raises $4 million in financing

Thu. July 23, 2009; Posted: 05:03 AM
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Jul 23, 2009 (Datamonitor via COMTEX) -- RGDX | Quote | Chart | News | PowerRating -- Response Genetics, a developer of molecular diagnostic tests for cancer, has entered into a purchase agreement with certain funds managed by Lansdowne Partners Partnership to raise approximately $4 million from the private placement of 3.06 million newly issued shares of its common stock, at a purchase price of $1.30 per share.

The closing of the sale of the shares occurred simultaneously with the signing of the purchase agreement on July 22, 2009.

Response Genetics has agreed to file a registration statement with the Securities and Exchange Commission covering the resale of the shares of common stock issued in the private placement.

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