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La Jolla Pharmaceutical announces pricing of underwritten offering of common stock


Wednesday, 23 Jul 2014 09:14am EDT 

La Jolla Pharmaceutical Co:Prices underwritten offering of 4,800,000 shares of its common stock, offered at a price of $10.50 per share.La Jolla has granted the underwriters a 30-day option to purchase up to an additional 720,000 shares of common stock.Offering is expected to close on or about July 28, 2014, subject to customary closing conditions.Jefferies LLC is acting as sole book-runner for the offering.Chardan Capital Markets, LLC, H.C. Wainwright & Co., LLC, LifeSci Capital, LLC and Noble Financial Group, Inc. are acting as co-managers for the offering.Intends to use the net proceeds from the underwritten offering for general corporate purposes, including funding its ongoing and future clinical trials, and for general and administrative expenses.