Epigenomics AG / Key word(s): Capital Increase 16.10.2014 / 09:30 Epigenomics AG raises USD 5.3 million from its strategic commercialization partner BioChain
Berlin (Germany), Germantown, MD, and Newark, CA (U.S.A.), Beijing (China), October 16, 2014 – Epigenomics AG (Frankfurt Prime Standard: ECX, OTCQX: EPGNY), the German-American cancer molecular diagnostics company, today announced that the Company is raising USD 5.3 million (EUR 4.2 million) in a share capital increase. BioChain Institute, Inc. will subscribe a total of 1,351,089 Epigenomics shares which will be issued under exclusion of the statutory subscription right of the shareholders. The Executive Board of Epigenomics AG, with approval of the Supervisory Board, today resolved on the increase of the of the Company’s share capital by the amount of EUR 1,351,089 by issuance of 1,351,089 new shares from the Authorized Capital 2014/I against contribution in cash. The issue price has been set at EUR 3.08 per share, based on the XETRA closing price of the day prior to the announcement, Wednesday, October 15, 2014. After registration of the capital increase on or around November 21, 2014, the subscribed capital of Epigenomics AG will increase from currently EUR 13,517,558 to EUR 14,868,647. “We are delighted with BioChain’s allegiance to Epi proColon(R), our partnership and exciting plans for the future of colorectal cancer screening. The new investment reinforces and deepens our joint commitment to the successful launch of Epi proColon(R) throughout major markets and is clear evidence of the shared belief in our future success,” said Dr. Thomas Taapken, CEO of Epigenomics AG. “The secured funds are very important for Epigenomics to extend our cash reach for the execution of important final steps in the approval and commercialization for our lead product Epi proColon(R) in the United States and China.” Epigenomics AG intends to use the net proceeds from the capital increase to finance its current operations and to strengthen the distribution capabilities for its lead product Epi proColon(R), a convenient blood-based test for the early detection of colorectal cancer. – Ends – Contact Epigenomics AG Antje Zeise, Manager IR | PR For US press inquiries: Epigenomics, Inc. About Epigenomics About BioChain BBML offers comprehensive services to its customers in China with a list of cellular and molecular test menus based on diverse technologies appropriate to each stage and type of disease. Technology platforms employed by BioChain include karyotyping analysis of cytogenetics, fluorescent in-situ hybridization (FISH), array comparative genomic hybridization (aCGH), quantitative PCR (qPCR), Sanger sequencing, next generation sequencing (NGS), multiplex ligation-dependent probe amplification (MLPA), and genetic linkage analysis. BioChain has a strong bioinformatics team and established the first Chromosomal Health Database for the Chinese population (www.szjkzd.org:8080/app/auth). Epigenomics legal disclaimer The information contained in this communication does not constitute nor imply an offer to sell or transfer any product, and no product based on this technology is currently available for sale by Epigenomics in the United States or Canada. The analytical and clinical performance characteristics of any Epigenomics product based on this technology which may be sold at some future time in the U.S. have not been established.
16.10.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English | |
Company: | Epigenomics AG | |
Geneststraße 5 | ||
10829 Berlin | ||
Germany | ||
Phone: | +49 30 24345-0 | |
Fax: | +49 30 24345-555 | |
E-mail: | ir@epigenomics.com | |
Internet: | www.epigenomics.com | |
ISIN: | DE000A11QW50 | |
WKN: | A11QW5 | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart | |
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