BioCentury
ARTICLE | Financial News

Sinovac proposes follow-on

January 21, 2010 1:02 AM UTC

Sinovac Biotech Ltd. (NASDAQ:SVA) proposed late Wednesday to sell 8.7 million shares in a follow-on underwritten by UBS and Piper Jaffray. If sold at Sinovac's Wednesday close of $7.51, the company would raise $65 million. Sinovac was up $0.02 on the day. ...