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Celladon Corp announces pricing of public offering of common stock


Tuesday, 12 Aug 2014 06:06pm EDT 

Celladon Corp:Prices underwritten public offering of 4,000,000 shares of common stock at $9.50 per share.Gross proceeds to Celladon from this offering, before deducting underwriting discounts and commissions and other offering expenses payable by Celladon, are expected to be about $38.0 mln.Celladon has also granted the underwriters a 30-day option to purchase up to an aggregate of 600,000 additional shares of common stock.Offering is scheduled to close on Aug. 18.Celladon anticipates using net proceeds from offering to fund research and development activities and for working capital and general corporate purposes.Credit Suisse and Jefferies LLC are acting as joint book-running managers for offering and Stifel and Wedbush PacGrow Life Sciences are acting as co-managers.