Heron, China Biologic price follow-ons

Heron Therapeutics Inc. (NASDAQ:HRTX) and China Biologic Products Inc. (NASDAQ:CBPO) raised a total of $192.3 million in follow-ons on Wednesday.

Drug delivery company Heron raised $118.8 million through the sale of 4.8 million shares at $24.75 in a follow-on underwritten by Jefferies; Leerink; Cowen; JMP Securities; Brean Capital; and Noble Life Science Partners. It proposed the offering after market close on Tuesday, when its shares were $26.08. Heron gained $2.78 (11%) to $28.86 on Wednesday. ...