UPDATE 1-Dynavax to raise $44 mln from public offering
* Says will use proceeds to further advance Heplisav
* Says 30,293,000 units are being sold at $1.4525/unit
April 13 (Reuters) - Dynavax Technologies Corp (DVAX.O) said it would raise $44 million from a public offering of common stocks and warrants.
The biopharmaceutical company, which will use the proceeds for development of its experimental hepatitis B vaccine Heplisav, said it was offering about 30.3 million units at a price of $1.4525 per unit.
Each unit consisted of one share of common stock and one warrant to purchase 0.5 of a common share.
The warrants have a term of five years and an exercise price of $1.50 per share.
The offering, managed by Wedbush PacGrow LifeSciences, is expected to close by April 16.
Shares of the company closed at $1.39 Monday on Nasdaq. (Reporting by Krishnakali Sengupta in Bangalore; Editing by Don Sebastian)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.