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Ignyta just filed a prospectus, suggesting it plans to soon issue some securities

Ignyta just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:

We estimate that we will receive net proceeds of approximately $46.7 million from the sale of $50.0 million of the shares of our common stock offered in this offering, after deducting the estimated underwriting discounts and commissions and estimated offering expenses payable by us. If the underwriters exercise their option to purchase up to $7.5 million of additional shares in full, we estimate that the net proceeds of the shares we sell in this offer ing will be approximately $53.8 million.

We intend to use the net proceeds from this offering to fund research and development activities for our development programs, including, but not limited to, the clinical development of entrectinib, to conduct ongoing clinical and pre-clinical development of other pipeline assets such as taladegib, RXDX-105, RXDX-106 and our Spark discovery programs, to complete development activities related to the diagnostic lab and companion diagnostics for each of our targeted therapeutics, and for working capital and other general corporate purposes.

The amounts and timing of our actual expenditures will depend on numerous factors, including the factors described under Risk factors in this prospectus supplement, the accompanying prospectus and in the documents incorporated by reference herein, as well as the amount of cash used in our operations. We may find it necessary or advisable to use the net proceeds for other purposes, and we will have broad discretion in the application of the net proceeds. Pending the uses described above, we plan to invest the net proceeds from this offering in short- and intermediate-term, interest-bearing obligations, investment-grade instruments, certificates of deposit or direct or guaranteed obligations of the U.S. government.


The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Ignyta Just Received a Notice of Effectiveness - April 21, 2016
Ignyta Just Received a Notice of Effectiveness - April 21, 2016
Registration statement under Securities Act of 1933 - April 20, 2016