Mass. molecular Dx firm boosts IPO goal to $92M

09/17/2013 | Clinica (subscription required)

Foundation Medicine, which earlier announced plans to raise a maximum of $86 million in an initial public offering, has boosted its IPO target to as much as $92 million. The Cambridge, Mass.-based molecular diagnostics firm plans to use part of the proceeds to increase its sales force and to support ongoing and new clinical studies.

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