Lexicon shares fall on public offering
17 March 2010
Christopher Spillane
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17 March 2010
Christopher Spillane
christopher.spillane@informa.com
Lexicon Pharmaceuticals' share price has fallen by 10% after the US company priced its heavily dilutive public offering at $1.15 per share. The firm will almost double the number of outstanding shares to raise funds for clinical development.
Lexicon offered 87.7 million shares and agreed...
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