BioCentury
ARTICLE | Financial News

bluebird, NeuroDerm raise follow-ons

December 8, 2016 12:04 AM UTC

bluebird bio Inc. (NASDAQ:BLUE) and NeuroDerm Ltd. (NASDAQ:NDRM) each priced follow-on offerings, raising a combined $325 million.

bluebird raised $250 million through the sale of 3.3 million shares at $76 in a deal underwritten by Goldman Sachs, BofA Merrill Lynch, Cowen, Wells Fargo and Wedbush PacGrow. The price was a 4% discount to bluebird’s close of $78.95 on Tuesday, before the offering was announced after market hours. bluebird slipped $8.45 (11%) to $70.50 on Wednesday...