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NSPH: Nanosphere announces commencement of public offering of common stock; reports upside prelim Q3 sales - 4:04 PM ET 10/21/14

The co has commenced an underwritten public offering of its common stock. Chardan Capital Markets, LLC is acting as the sole book-running manager for the offering. Nanosphere plans to use the net proceeds from the offering for general corporate purposes and working capital.Co issues upside guidance for Q3 (Sep), sees Q3 (Sep) revs of $3.7 vs. $3.37 mln Capital IQ Consensus Estimate. New Customer placements for the third quarter 2014 were 30. Cash and equivalents at September 30, 2014 were $12.5 million.