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Exact Sciences plans to conduct a public offering of its common stock
Bookrunner Baird, co-manager William Blair help fund working capital
By Devika Patel
Knoxville, Tenn., Dec. 5 - Exact Sciences Corp. plans to price a public sale of its common stock, according to a prospectus supplement filed Monday with the Securities and Exchange Commission.
The deal has a 30-day greenshoe.
Robert W. Baird & Co. Inc. is the bookrunning manager. William Blair & Co. is co-manager.
Proceeds will be used for general corporate and working capital purposes, including product development and efforts to obtain FDA clearance of the company's colorectal cancer screening product and product commercialization activities.
Exact Sciences, based in Marlborough, Mass., develops screening technologies for cancer detection.
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