May 13, 2010 (FinancialWire) — Sequenom, Inc. (NASDAQ: SQNM) said that it has entered into an agreement to issue and sell an aggregate of 12.435 million shares of its common stock at $4.15 per share to certain investors.

The aggregate gross proceeds of the private placement are expected by Sequenom to be around $51.6 million.

Sequenom said it plans to use the net proceeds from the financing to advance its research, development and commercialization of various diagnostic tests, as well as for general corporate purposes.

The private placement is scheduled to close on or about May 17.

California-based Sequenom is a life sciences company offering genetic analysis solutions. Sequenom develops technology, products and diagnostic tests that target and serve discovery and clinical research, and molecular diagnostics markets.

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