Synta raises $25.8 million

Synta Pharmaceuticals Corp. (NASDAQ:SNTA) raised $25.8 million through the sale of 4 million shares at $6.49 in a registered direct offering to members of its board. The price is a penny premium to Synta's close of $6.48 on Wednesday, before the offering was announced. Synta was up $0.79 (12%) to $7.27 on Thursday. ...