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Vanda Pharmaceuticals reports plans to price public offering of stock
Joint bookrunners Jefferies and Piper Jaffray to assist with offering
By Devika Patel
Knoxville, Tenn., Oct. 28 – Vanda Pharmaceuticals Inc. said it plans to price a public sale of common stock with a 30-day, 15% greenshoe, according to a prospectus supplement filed Tuesday with the Securities and Exchange Commission.
Jefferies LLC and Piper Jaffray & Co. are the joint bookrunners.
Proceeds will be used for sales and marketing expenditures, research and development and other general corporate purposes.
Vanda is a Rockville, Md.-based pharmaceuticals firm.
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