ARTICLE | Financial News

NewLink, Strongbridge price follow-ons

October 6, 2017 4:54 PM UTC

NewLink Genetics Corp. (NASDAQ:NLNK) and Strongbridge Biopharma plc (NASDAQ:SBBP) each priced follow-ons, raising more than $75 million.

On Oct. 3, NewLink raised $51.3 million through the sale of 5 million shares at $10.25 in a bumped-up follow-on underwritten by BofA Merrill Lynch, Stifel and Baird. The price is a 6% discount to its close of $10.91 on Oct. 3 when it proposed after market hours to raise up to $50 million...