BioCentury
ARTICLE | Financial News

Genelabs raises $23.7 million

September 27, 2007 12:19 AM UTC

GNLB raised $23.7 million in a registered direct offering of 12.9 million units at $1.84 per unit. Each unit consists of one share and a five-year warrant to purchase a fifth of a share at $2.08 per share. Deutsche Bank acted as placement agent for the shares, which were sold from an existing shelf registration. GNLB was unchanged at $1.83 on Wednesday. ...