Ardea Bio makes $30.6M placing
San Diego, USA-based Ardea Biosciences says that it has entered into a securities purchase agreement with certain institutional investors to raise around $30.6 million from the private placement of 2,737,336 newly-issued shares of its common stock and warrants to buy 684,332 shares at a total purchase price of about $11.17 per unit, with each consisting of one share and one warrant to purchase 0.25 shares of common stock.
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