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Thursday, May 28, 2020

Progenity on deck for IPO

Progenity (PROG) has filed a prospectus for a $100M IPO.
The San Diego, CA-based biotech currently markets four molecular tests that screen for the risk of genetic diseases, chromosomal disorders and hereditary cancer risk. It is also developing ingestible devices and drug/device combinations aimed at precision diagnostic sampling and drug delivery solutions.
2019 Financials: Revenues: $144.0M (+12.5%); Operating Expenses: $183.6M (+22.3%); Net Loss: ($228.8M) (-77.2%); Cash Flow Ops: ($106.1M) (-63.0%).
https://seekingalpha.com/news/3578302-progenity-on-deck-for-ipo

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