Synergy raises $90.1M in follow-on

Synergy Pharmaceuticals Inc. (NASDAQ:SGYP) raised $90.1 million through the sale of 16.4 million shares at $5.50 in a follow-on underwritten by Credit Suisse; Citigroup; Canaccord; and Cantor Fitzgerald. Synergy proposed to raise up to $90 million in a follow-on earlier this month. On Thursday, the company was down $0.69 (11%) to $5.32. ...