ARTICLE | Financial News

Derma raises $29 million

June 21, 2011 12:46 AM UTC

Derma Sciences Inc. (NASDAQ:DSCI) raised about $29 million through the sale of about 3.5 million shares in a private placement to institutional investors. The company did not disclose the price at which it sold the shares. Investors also received five-year warrants to purchase up to 1.8 million shares at $9.90. Oppenheimer and Canaccord were placement agents. Roth Capital Partners and Rodman advised Derma. On Monday, Derma was up $0.04 to $8.40. ...