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OraSure Raises Net Proceeds Of About $70.2 Mln From Stock Offering

OraSure Technologies, Inc. (OSUR) said Monday that it has closed its public offering of common stock, issuing a total of 6.1 million shares in the offering at a price of $12.30 per share.

The company said it received net proceeds of about $70.2 million after the underwriting discounts and estimated offering expenses.

OraSure expects to use the net proceeds of the offering for general corporate purposes.

by RTTNews Staff Writer

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