LOS ANGELES, July 22 /PRNewswire-FirstCall/ -- Response Genetics, Inc. (Nasdaq: RGDX) announced today that it has entered into a purchase agreement with certain funds managed by Lansdowne Partners Limited Partnership to raise approximately $4 million from the private placement of 3,057,907 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 Wednesday, July 22, 2009.
The securities sold in the private placement have not been registered under the Securities Act of 1933, as amended, or state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (SEC) or an applicable exemption from the registration requirements. Response Genetics, Inc. has agreed to file a registration statement with the SEC covering the resale of the shares of common stock issued in the private placement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy Response Genetics, Inc.'s common stock.
About Response Genetics, Inc.
Response Genetics, Inc. ("RGI") (the "Company") (Nasdaq: RGDX) is focused on the development and sale of molecular diagnostic tests for cancer. RGI's technologies enable extraction and analysis of genetic information from genes derived from tumor samples stored as formalin-fixed and paraffin-embedded specimens. In addition to diagnostic testing services, RGI generates revenue from the sales of its proprietary analytical pharmacogenomic testing services of clinical trial specimens to the pharmaceutical industry. The Comp
|SOURCE Response Genetics, Inc.|
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