Exact Sciences pockets $238M from secondary stock sale — 3 key notes

Exact Sciences sold an additional 7 million shares for a gross proceeds of $245 million, the Wisconsin State Journal reports.

Advertisement

Here’s what you should know:

1. After fees, Exact Sciences will make approximately $238 million.

2. Several investment firms can sell up to 1.05 million more shares of Exact Sciences if buyers demand it.

3. As of April 29, Exact Sciences had 111.2 million shares of common stock.

More articles on gastroenterology:
CEO compensation for 10 GI companies for the last 3 years
Gastroenterologists ignoring H.pylori guidelines, survey says
5 stats on GI net revenue per case at multispecialty ASCs

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in GI & Endoscopy

Advertisement

Comments are closed.