BioCentury
ARTICLE | Financial News

Discovery raises $50 million in follow-on

November 1, 2013 1:02 AM UTC

Discovery Laboratories Inc. (NASDAQ:DSCO) raised $50 million through the sale of 25 million shares at $2 in a follow-on underwritten by Stifel; Piper Jaffray; Lazard; and Roth Capital Partners. Discovery Labs proposed the offering late Wednesday, when its share price was $2.26. Earlier this month, Discovery Labs said that it plans to launch Surfaxin lucinactant this quarter to prevent respiratory distress syndrome (RDS) in premature infants (see BioCentury Extra, Oct. 4). ...