Follow-On Offering

Healthcare
Follow-On Offering

Summary

Baird served as a joint bookrunner on this transaction

About

Exact Sciences Corporation (“Exact Sciences” or the “Company”) (NASDAQ: EXAS) recently completed a follow-on offering of 6,325,000 shares of common stock at a price of $12.35 per share, generating gross proceeds of approximately $78.1 million. The Company intends to use the net proceeds from the offering for general corporate and working capital purposes, including for product development and in furtherance of the Company’s efforts to obtain FDA clearance of its its stool-based DNA colorectal cancer screening product and product commercialization activities.

Exact Sciences is a molecular diagnostics company focused on the early detection and prevention of colorectal cancer. The Company has exclusive intellectual property protecting its non-invasive, molecular screening technology for the detection of colorectal cancer. Stool-based DNA technology is included in the colorectal cancer screening guidelines of the American Cancer Society and the U.S. Multi-Society Task Force on Colorectal Cancer. Exact Sciences is headquartered in Madison, Wisconsin.

For additional information about this transaction, please contact:

Lance Lange (414) 765-7079
Ryan Mausehund (650) 858-3817
Manish Gupta (414) 765-3802
Satoshi Matsumoto 312-609-5446
Healthcare
Follow-On Offering
Date
June 2013
Company
Exact Sciences Corporation
Transaction
M&A
Sectors
Healthcare
Target Location
North America

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