ARTICLE | Financial News

Somaxon proposes follow-on

March 23, 2010 1:10 AM UTC

Somaxon Pharmaceuticals Inc. (NASDAQ:SOMX) proposed late Monday to sell up to 4 million shares in a follow-on underwritten by Jefferies and Oppenheimer. If sold at Somaxon's Monday close of $8.30, the company would raise $33.2 million. Somaxon was up $0.05 on the day. ...