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Sangamo raises $20.5 million

November 12, 2005 12:18 AM UTC

SGMO raised $19.5 million in a private placement of 5.1 million shares at $3.85, and $1 million through the sale of 236,000 SGMO shares at $4.24 to Michael Wood, a director of the company. The private placement price is a 10% discount to SGMO's close of $4.30 on Thursday. Dow AgroSciences, a subsidiary of Dow (DOW), joined a group of institutional investors in the placement. JMP Securities; Piper Jaffray; and Leerink were placement agents. ...