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Q1 'very much a building quarter' for VolitionRx with growing cash reserves

Cameron Reynolds, president and chief executive of VolitionRx Ltd (NYSEMKTS:VNRX), discusses with Proactive Investors their Q1 2018 earnings.

The company reported a slower first quarter cash burn rate while growing cash reserves.

For the period ended March 31, it increased its cash and equivalents to US$14.3mln, compared to US$10.1mln in the previous quarter.

This week Volition entered into a sales and distribution partnership with Active Motif that will pave the way for the sale of a range of research-use-only (RUO) kits based on its proprietary Nucleosomics technology.

Quick facts: VolitionRx

Price: 4.65 USD

NYSEMKT:VNRX
Market: NYSEMKT
Market Cap: $191.08 m
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VolitionRx acquires epigenetic reagent company Octamer GmbH

VolitionRx Limited's (NYSEAMERICAN:VNRX) Cameron Reynolds talks through the rationale for its acquisition of epigenetic reagent company Octamer GmbH. Reynolds says they're paying around €650,000 euros ($725,000) in cash and stock and the deal is expected to close in January 2020. 

on 20/12/19

2 min read