BioCentury
ARTICLE | Financial News

China Biologic raises $30.4 million in follow-on

June 27, 2014 11:50 PM UTC

China Biologic Products Inc. (NASDAQ:CBPO) raised $30.4 million through the sale of 800,000 shares at $38 in a follow-on underwritten by Morgan Stanley and Aegis. China Biologic proposed the offering on June 17, when its share price was $47.51. A shareholder raised $28.5 million through the sale of 750,000 shares in a concurrent secondary offering. The company develops and markets plasma-based biopharmaceuticals for China. ...