Opko raises $92.5M in private placement

Opko Health Inc. (NASDAQ:OPK; Tel Aviv:OPK) raised $92.5 million in a private placement on Nov. 8 through the sale of 26.5 million shares at $3.49. The price is a 10% discount to Opko's close of $3.86 on Nov. 7, the day before it entered into the placement agreement, and in line with its close of $3.49 on Nov. 8, the day before the placement was publicly announced.

An affiliate of Opko Chairman and CEO Phillip Frost contributed $70 million to the private placement and Vice Chairman and CTO Jane Hsiao contributed $2 million...