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ARTICLE | Financial News

NeoStem raises $35 million in follow-on

October 5, 2013 12:17 AM UTC

NeoStem Inc. (NASDAQ:NBS) raised $35 million through the sale of 5 million shares at $7 in a follow-on underwritten by Aegis Capital. NeoStem proposed the offering late Thursday, when its share price was $7.84. On Friday, the company was down $0.75 (10%) to $7.09. ...