Pharmacyclics raises $207.2M in follow-on

Pharmacyclics Inc. (NASDAQ:PCYC) raised $207.2 million through the sale of 2.2 million shares at $94.20 in a follow-on underwritten by JPMorgan. Pharmacyclics proposed the offering after market close on Thursday, when its stock price was $94.20. On Friday, the biotech was down $1.95 to $92.25. ...