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Aquinox plans to conduct $75 million public offering of common stock
Bookrunners Leerink Partners, Canaccord Genuity and Guggenheim assist
By Devika Patel
Knoxville, Tenn., Sept. 8 – Aquinox Pharmaceuticals, Inc. plans to price a $75 million public sale of common stock with a 30-day $11.25 million greenshoe, according to a preliminary prospectus supplement filed Tuesday with the Securities and Exchange Commission.
Leerink Partners, Canaccord Genuity and Guggenheim Securities are the bookrunners, and Needham & Co. is the lead manager.
Proceeds will be used for phase 3 trials for AQX-1125, research and development, working capital and other general corporate purposes.
The clinical-stage pharmaceutical company is based in Vancouver, B.C.
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