ARTICLE | Financial News

Idera raises $15.1 million

August 3, 2010 11:39 PM UTC

Idera Pharmaceuticals Inc. (NASDAQ:IDRA) raised $15.1 million through the sale of 4.1 million units at $3.71 in a registered direct offering to institutional investors. Each unit comprises a share and a five-year warrant to purchase 0.4 shares, with each whole warrant exercisable at $3.71. Rodman was placement agent. ...