At Vuvus, Qsymia is in phase 2 clinical development for the treatment of type 2 diabetes and obstructive sleep apnea. Qsymia is approved in the U.S. and is indicated as an adjunct to a reduced-calorie diet and increased physical activity for chronic weight management in adults with an initial body mass index (BMI) of 30 kg/m2 or greater (obese) or 27 kg/m2 or greater (overweight) in the presence of at least one weight-related medical condition such as high blood pressure, type 2 diabetes, or high cholesterol.
Achillion Pharmaceuticals announces pricing of public offering of common stock
Achillion Pharmaceuticals Inc. is an innovative pharmaceutical company dedicated to bringing important new treatments to patients with infectious diseases and is focused on solutions for the most challenging problems in infectious disease including HCV and resistant bacterial infections. The company announced today the pricing of an underwritten public offering of 15,000,000 shares of its common stock at a price to the public of $8.40 per share. The net proceeds to Achillion from the sale of the shares, after deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $118.5 million. The free report on Achillion Pharmaceuticals Inc. can be downloaded by signing up now at
The offering is expected to close on February 27, 2013, subject to customary closing conditions. Citigroup and Leerink Swann LLC are acting as joint book-running managers, and JMP Securities LLC,
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