Offerings: Cadence Pharmaceuticals Eyes $85 Mil Raise
November 9, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Cadence Pharmaceuticals, Inc. (NASDAQ: CADX) said that it is offering to sell $85 million worth of shares of its common stock in an underwritten public offering. Deutsche Bank Securities (NYSE: DB) is acting as sole book-running manager.
Cadence said it expects to grant the underwriters of the offering an option to purchase additional shares of common stock to cover over-allotments, if any.
San Diego-based Cadence Pharmaceuticals is a biopharmaceutical company focused on in-licensing, developing and commercializing proprietary product candidates to improve the lives of hospitalized patients.
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