Friday, June 3, 2011

Anthera Pharma aims to raise $47M in stock offering

Anthera Pharmaceuticals Inc. hopes to net $47 million by selling more than 6.6 million shares at $7.50 each.
The Hayward developer of cardiovascular and autoimmune disease drugs (NASDAQ: ANTH) said the offering is expected to close next week. The final figure could swell to $54 million if underwriters exercise an over-allotment option.

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