ARTICLE | Financial News

NeurogesX raises $20.2 million

July 22, 2011 10:07 PM UTC

NeurogesX Inc. (NASDAQ:NGSX) raised $20.2 million through the sale of 11.7 million units at $1.72 per unit in a private placement. Each unit comprises a share and a five-year warrant to purchase 0.5 shares, with each whole warrant exercisable at $1.65. Leerink was placement agent. Roth Capital Partners and Ladenburg Thalmann advised NeurogesX. NeurogesX was up $0.02 to $1.67 on Friday. ...