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Ignyta prices IPO at $9.15

March 14, 2014

Ignyta, a clinical-stage biotech developing targeted cancer therapeutics, raised $48 million by offering 5.2 million shares at $9.15. The deal size was 20% greater than expected. Ignyta, which has traded with very low volume on the OTCQB and OTCBB since December 2013, will list on the NASDAQ under the symbol RXDX. Leerink Partners was the sole bookrunner on the deal.