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Financings In Brief

GenMark Diagnostics prices $42 million secondary offering. Oxford Immunotec raises $28 million for TB test commercialization efforts. Benvenue Medical gets $25 million for spinal devices. More financings.

Molecular diagnostics firm GenMark Diagnostics Inc. prices $42 million secondary offering of 10 million shares of common stock at $4.20 each on June 20. A portion of the proceeds are tabbed for R&D, including acceleration of test menu expansion and development of the firm’s NexGen next generation molecular diagnostics platform, according to the company. Proceeds also will go toward expansion of the firm’s “U.S. and global commercial organizations,” the company states. Underwriters for the stock offering include J.P. Morgan Securities, William Blair & Company and Canaccord Genuity.

Diagnostics firm Oxford Immunotec Global PLC raises $28 million in a private placement led by Imperial Innovations and Invesco Perpetual, announced June 18. The funds will be used to...

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