BioCentury
ARTICLE | Financial News

Alder raises $125M in follow-on

April 8, 2016 12:40 AM UTC

Alder Biopharmaceuticals Inc. (NASDAQ:ALDR) raised $125 million through the sale of 5.4 million shares at $23.25 in a follow-on underwritten by JPMorgan, Leerink and Wells Fargo.

Alder proposed after market close Wednesday to raise $100 million. Its shares closed Wednesday at $25.92, and gained $1.03 to $26.95 on Thursday. ...