June 2, 2010 (FinancialWire) — GenMark Diagnostics, Inc. (NASDAQ: GNMK) said that its initial public offering of 4.6 million shares of its common stock has been priced at $6 per share. Piper Jaffray & Co. (NYSE: PJC) is acting as sole book-running manager of the offering.

GenMark has granted the underwriters a 30-day option to purchase up to an additional 690,000 shares to cover over-allotments.

California-based GenMark provides automated, multiplex molecular diagnostic testing systems to detect and measure DNA and RNA targets to diagnose disease and to optimize the treatment of patients.

The company is focused on developing and commercializing its eSensor detection technology. GenMark’s XT-8 System is designed to support a broad range of molecular diagnostic tests with a compact workstation and self-contained, disposable test cartridges.

GenMark has developed four diagnostic tests for use with the XT-8 System, including its Cystic Fibrosis Genotyping Test, Warfarin Sensitivity Test and Thrombophilia Risk Test which have received clearance from the Food and Drug Administration.

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