BioCentury
ARTICLE | Financial News

Portola prices $161.2M follow-on

October 4, 2014 1:58 AM UTC

Portola Pharmaceuticals Inc. (NASDAQ:PTLA) added $1.10 on Friday to close at $27.60 after announcing late Thursday that it had priced 6.2 million shares at $26 in a follow-on that it said is expected to close on Oct. 8. The company, which proposed to raise $160 million after market close on Wednesday, would raise $161.2 million in the final deal, which is underwritten by Morgan Stanley; Credit Suisse; Cowen; William Blair; and Sanford C. Bernstein. ...