BioCentury
ARTICLE | Financial News

Synthetic Biologics to raise $10.9 million

October 30, 2012 12:22 AM UTC

Synthetic Biologics Inc. (NYSE-M:SYN) said it plans to raise about $10.9 million through the sale of 6.8 million shares at $1.60 in a private placement to new and existing investors. The price is a 31% discount to Synthetic Biologics' close of $2.33 on Friday, before the offering was announced. Griffin Securities is placement agent. ...