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Abgenix sells $75mm in common stock private placement

Executive Summary

Abgenix Inc., a biotech focused on antibody-based therapeutics, has sold 1.8mm common shares at $42 each in a private placement to institutional and other private investors, bringing in a total of $75.6mm. The shares were sold at about an (pr)11% discount to the average $47.20 market price.
Deal Industry
  • Biotechnology
    • Large Molecule
    • Large Molecule
      • Antibodies
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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