Synta raises $25 million

Synta Pharmaceuticals Corp. (NASDAQ:SNTA) raised $25 million through the sale of 5.6 million shares at $4.50 per share in a bumped-up follow-on underwritten by Lazard and RBC Capital Markets. Synta proposed to sell 4 million shares late Thursday, when its share price was $5.46. Synta fell $0.94 (17%) to $4.52 on Friday. ...