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Paratek Announces Pricing of Public Offering of Common Stock
Jan. 18, 2018 09:58AM PST
Pharmaceutical InvestingParatek Pharmaceuticals, (Nasdaq:PRTK), a biopharmaceutical company focused on the development and commercialization of innovative therapies based upon its expertise in novel tetracycline chemistry, today announced that it has sold 3,205,128 shares of its common stock in a registered underwritten public offering for total proceeds of approximately $50 million. As quoted in the press release: The …
Paratek Pharmaceuticals, (Nasdaq:PRTK), a biopharmaceutical company focused on the development and commercialization of innovative therapies based upon its expertise in novel tetracycline chemistry, today announced that it has sold 3,205,128 shares of its common stock in a registered underwritten public offering for total proceeds of approximately $50 million.
As quoted in the press release:
The offering is expected to close on January 22, 2018, subject to customary closing conditions. All of the shares sold in the offering were sold by Paratek. In addition, Paratek has granted the underwriter a 30-day option to purchase up to an additional 480,769 shares of its common stock.
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