Achillion raises $21.4 million

Achillion Pharmaceuticals Inc. (NASDAQ:ACHN) raised $21.4 million through the sale of 10.3 million shares at $2.08 in a follow-on underwritten by Roth Capital Partners; Noble Financial Capital Markets; and National Securities. The company proposed the offering late Thursday, when its share price was $2.60. Achillion was off $0.32 (12%) to $2.28 on Friday. ...