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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: 3.59 USD

NYSEMKT:VNRX
Market: NYSEMKT
Market Cap: $147.92 m
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VolitionRx CEO highlights 'very strong assay and platform development progress'

VolitionRx Limited's (NYSEAMERICAN:VNRX) president and CEO Cameron Reynolds recaps on what he describes as a year of 'very strong progress' in assay and platform development with its Nu.Q Capture program and epigenetic toolkit Nu.Q Vet. Heading into 2020, Reynolds says the company's well...

on 21/2/20

2 min read