Idexx Laboratories Inc. on Wednesday said it has raised $30.8million in a secondary offering of 1.5 million shares of commonstock priced at $20.50 per share.
The Westbrook, Maine, company (NASDAQ:IDXX) is developingveterinary diagnostics, food quality assurance tests and lifescience research products, particularly immunoassays, DNAprobes and clinical chemistry tests.
After the offering, Idexx has 7.2 million shares outstanding.Underwriters Lehman Brothers, Cowen & Co. and VectorSecurities International have a 225,000-share overallotment.
The stock closed unchanged Wednesday at $20.50.
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