Molecular diagnostics firm Cancer Genetics Inc. entered a financing agreement with Aspire Capital, through which Aspire will purchase, over the next two years, up to $16mm of CGI's common stock. Aspire committed to an immediate tranche of $3mm (1mm shares at $3; a 17% discount), and future tranches will be completed at CGI's discretion. The funding will support CGI's concurrent $12mm purchase of Australian CRO vivoPharm Pty. Ltd. (Aug.)
Natera Inc. (genetic testing for reproductive health) entered into a $100mm debt facility with existing investor OrbiMed Advisors. The...