Celator raises $38M in follow-on

Celator Pharmaceuticals Inc. (NASDAQ:CPXX) raised $38 million through the sale of 4 million shares at $9.50 in a follow-on underwritten by Stifel, Needham, Roth Capital Partners, H.C. Wainwright and National Securities. The company proposed the offering after market hours Tuesday, when it closed at $10.04. It gained $2.47 (25%) to $12.48 on Wednesday. ...