Cepheid secures $10.6M investment

Aug. 7, 2002 — Cepheid, a Sunnyvale, Calif., developer of real-time DNA detection systems, has sold 4 million shares of common stock at $2.65 per share to several unnamed institutional investors.


The company also has a new vice president and chief financial officer, John Sluis. Sluis succeeds Cathy Smith, who has left the company. He was previously CFO of Vysis Inc., where he worked under John Bishop, Cepheid’s chief executive since April. Sluis said he is the first member of the former Vysis management team to join Bishop at Cepheid.


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