Arrowhead Research files for $50 mln shelf

WASHINGTON Thu Dec 20, 2007 5:01pm EST

WASHINGTON Dec 20 (Reuters) - Arrowhead Research Corp (ARWR.O) filed on Thursday to periodically sell up to $50 million in common stock and warrants.

The nanotechnology company said in a filing with the U.S. Securities and Exchange Commission that it plans to use the proceeds from the offering for working capital, research and clinical development activities, future acquisitions and capital expenditures.

Under a shelf registration, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale. (Reporting by Karey Wutkowski)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.