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Cancer-fighting Vermillion secures $10.5M to keep its doors open

2014-12-24 08:24:19| Biotech - Topix.net

Vermillion Inc. announced that it has secured $10.5 million in new capital from a group of investment firms and company directors - and they have the option to purchase more shares of the struggling biotech company in mid-2015. The warrants for future stock could generate another $8.3 million for the company, which has pinned most of its business prospects on the OVA1 screening test for ovarian cancer.

Tags: open doors secures vermillion

Category:Biotechnology and Pharmaceuticals

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