Vitae raises $35M in follow-on

Vitae Pharmaceuticals Inc. (NASDAQ:VTAE) raised $35 million through the sale of 5.8 million shares at $6 in a follow-on underwritten by Piper Jaffray, BMO Capital Markets and Wedbush PacGrow. It proposed the offering after market hours Wednesday, when it closed at $6.73. Vitae lost $0.73 (11%) to $6 on Thursday. ...