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Cadence grosses $86.6mm via private financing

Executive Summary

Hospital products company Cadence Pharmaceuticals grossed $86.6mm through the private sale of about 12mm common shares at $7.13 each (a 5% discount). Venrock led and was joined by Frazier Healthcare Ventures, Domain Associates, Versant Ventures, New Enterprise Associates, Bay City Capital, and T. Rowe Price Associates. The shareholders also paid $0.125 apiece for 6mm warrants, which can be exercised until February 18, 2014, and entitle the investors to buy common stock at $7.84/share.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
    • Specialty Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement
    • Private Investment in Public Equity

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