Interneuron Pharmaceuticals Inc. announced Wednesday thatthe underwriters of the company's recent follow-on offering of2 million shares at $6.50 a share have exercised their 300,000-share overallotment option. The underwriters were led byMontgomery Securities and Cowen & Co.
The net proceeds to the Lexington, Mass. firm will beapproximately $13.5 million. The stock (NASDAQ:IPIC) closedWednesday at $6.50 a share, down 25 cents.
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