Monday, September 12, 2011

InterMune could raise $200M in stock, notes deal

InterMune Inc. plans to raise $100 million through convertible notes and sell 4 million shares of common stock that could add another $100 million, the company said Monday.
The timing demonstrates some confidence by the Brisbane-based biotech drug developer (NASDAQ: ITMN) that its lung disease drug, Esbriet, can hit blockbuster status.

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