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Tekmira Pharmaceuticals Corp announces public offering of shares

Thursday, 13 Mar 2014 07:30am EDT 

Tekmira Pharmaceuticals Corp:Prices an underwritten public offering of 2,125,000 shares at a price of$28.50 per share for aggregate gross proceeds of $60,562,500.Granted underwriters a 30-day option to purchase up to an additional 318,750 shares to cover over-allotments, if any, which would result in additional gross proceeds.Offering is expected to close on or about March 18.Net proceeds will be used to develop and advance product candidates through clinical trials, for working capital and for general corporate purposes. 

Company Quote

-0.82 -3.91%
21 Oct 2014