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Vysis prenatal genetic test gains FDA clearance; IPO proceeds to expand marketing efforts.

This article was originally published in The Gray Sheet

Executive Summary

VYSIS MARKETING OF ANEUVYSION PRENATAL GENETIC TEST should get a boost from the firm's 3.5 mil. share initial public offering. A portion of the proceeds from the proposed IPO, which is expected to bring in about $44.8 mil., is tabbed for expansion of direct sales and marketing capabilities. Downers Grove, Illinois-based Vysis announced 510(k) clearance of the Aneuvysion assay on Oct. 28; the premarket application was submitted to FDA in June.
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