Login to Your Account



Financings Roundup

Cerus Sets Public Offering: $39M For 'Even' Spending

By Randall Osborne


Friday, March 17, 2006

No Abstract

 

West Coast Editor

Cerus Corp. priced its public offering of 4.5 million shares at $8.75 per share for proceeds of about $39.4 million, and the company expects to net about $36.9 million after expenses, or $42.5 million if the underwriters exercise their option to buy 675,000 more shares.

The company’s shares (NASDAQ:CERS) closed Thursday at $8.75, down 46 cents.

To continue reading subscribe now to BioWorld Today

Learn More about BioWorld Today

Already a subscriber? Sign In or Buy now to activate your subscription