Tesaro raises $85 million in bumped-up follow-on

Tesaro Inc. (NASDAQ:TSRO) raised $85 million through the sale of 4.7 million shares at $18 in a bumped-up follow-on underwritten by Citigroup; Morgan Stanley; Leerink, Deutsche Bank; BMO Capital Markets; and Baird. The company proposed to raise $75 million last Wednesday, when its stock price was $20.56. On Thursday, Tesaro was up $1.68 to $19.86. ...