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GenMark Diagnostics begins $65M common stock offering

GenMark Diagnostics Inc. commenced an underwritten public offering of $65 million of its common stock.

The company is selling all the shares in the offering and intends to grant the underwriters a 30-day option to purchase additional shares of up to about $9.8 million.

GenMark intends to use net proceeds for general corporate purposes and to fund its commercialization efforts.

J.P. Morgan and Bank of America Merrill Lynch are acting as joint book-running managers for the offering.