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Progenity (PROG) Receives $44M in Warrant Proceeds, Strengthens its Liquidity Position

November 23, 2021 6:30 AM EST

Progenity, Inc. (Nasdaq: PROG), a biotechnology company innovating in the fields of gastrointestinal health and oral biotherapeutics, today provided an update on its strengthened liquidity position.

Over the last several months, we made great strides in optimizing our capital structure and bolstering our liquidity position, said Eric dEsparbes, Chief Financial Officer of Progenity. As a result of previously issued warrants being exercised and other capital-raising transactions, we believe our... More