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ARTICLE | Financial News

Follow-on roundup: Inovio, Paratek, Advaxis

May 1, 2015 1:18 AM UTC

Inovio Pharmaceuticals Inc. (NASDAQ:INO), Paratek Pharmaceuticals Inc. (NASDAQ:PRTK) and Advaxis Inc. (NASDAQ:ADXS) raised $199.3 million in follow-ons Thursday.

Vaccine developer Inovio raised $76 million through the sale of 9.5 million shares at $8 in an offering underwritten by Piper Jaffray; Stifel; H.C. Wainwright; Brean Capital; and Maxim Group. Inovio proposed the offering after market on Wednesday when its shares were valued at $9.85. The stock fell $1.69 (17%) to $8.16 on Thursday. ...