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ARTICLE | Financial News

Achillion raises $126 million in follow-on

February 23, 2013 1:22 AM UTC

Achillion Pharmaceuticals Inc. (NASDAQ:ACHN) raised $126 million through the sale of 15 million shares at $8.40 in a bumped up follow-on underwritten by Citigroup; Leerink; JMP Securities; Piper Jaffray; and Wells Fargo. Achillion proposed to raise up to $125 million in the offering late Wednesday, when its share price was $9.53. On Friday, the company was up $0.36 to $8.86. ...