ARTICLE | Financial News

Rockwell proposes to raise $55 million

November 18, 2014 3:24 AM UTC

Rockwell Medical Inc. (NASDAQ:RMTI) proposed to raise $55 million in a follow-on underwritten by BofA Merrill Lynch; Stifel, Nicolaus; Summer Street; Craig-Hallum Capital Group; Chardan Capital; and LifeSci Capital.

On Nov. 10, FDA's Oncologic Drugs Advisory Committee voted 8-3 that the benefits outweigh the risks for the company's Triferic soluble ferric pyrophosphate citrate to treat iron loss to maintain hemoglobin in patients with hemodialysis-dependent stage 5 chronic kidney disease (CKD). The soluble form of iron in liquid bicarbonate has a Jan. 24 PDUFA date. ...