Navigation Links
Record Use of At-the-Market (ATM) Offerings Continues in 2013 with $161 Million Raised by U.S. Life Sciences Companies in First Quarter, Reports Brinson Patrick
Date:5/28/2013

NEW YORK, May 28, 2013 /PRNewswire/ -- Brinson Patrick Securities Corporation, a boutique investment bank specializing in at-the-market (ATM) offerings, reported today that U.S. life sciences companies raised $161 million through ATMs in the first quarter of 2013, compared to $112 million in the first quarter of 2012.

(Logo: http://photos.prnewswire.com/prnh/20130429/NY02685LOGO )

The $161 million raised is a new record for quarterly ATM usage by U.S. life sciences companies. The proceeds raised are 25% more than the previous record of $129 million, which was raised in the fourth quarter of 2012. Life sciences companies whose ATMs were active in the first quarter included: Delcath Systems, Inc. (NASDAQ: DCTH), New York, NY; Avanir Pharmaceuticals, Inc. (NASDAQ: AVNR), Aliso Viejo, CA; Raptor Pharmaceuticals, Inc.  (NASDAQ: RPTP), Novato, CA; Coronado Biosciences, Inc. (NASDAQ: CNDO), Burlington, MA.

"We are continuing to see new records in ATM usage for life sciences companies," said Todd Wyche , CEO of Brinson Patrick . "This is the third consecutive quarter where the proceeds raised set a record high for the industry."

An ATM provides an efficient means of raising equity capital over time by enabling a publicly traded company to tap into the existing secondary market for its shares on an as-needed basis. With an ATM, an exchange-listed company incrementally sells newly issued shares into the trading market through a designated broker-dealer at prevailing market prices, rather than via a traditional underwritten offering of a fixed number of shares at a fixed price all at once. ATMs are also generally less expensive and less complicated to execute than traditional equity offerings and do not require a lot of executive time.

About Brinson Patrick Securities Corporation

Brinson Patrick Securities Corporation is a boutique investment bank that employs its DOCS® (Dynamic Offering of Common Stock) at-the-market (ATM) financing facility to raise the capital for clients as they need it. The DOCS® ATM is a low-profile equity offering appropriate for publicly traded companies across multiple industries and market capitalizations. It has been successfully utilized by companies in the energy, life sciences, technology, real estate, financial services and hospitality industries with market capitalizations that range from $50 million to over $1 billion.

For more information about ATMs and the firm, visit http://www.brinsonpatrick.com. To access Todd Wyche 's biography and a Brinson Patrick fact sheet click here.

Brinson Patrick is a FINRA member broker-dealer.


'/>"/>
SOURCE Brinson Patrick Securities Corporation
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Emerging Pharma at ChemOutsourcing 2013 in Record Numbers for Upcoming September Show
2. 2013 Armada Specialty Pharmacy Summit Reports Record Attendance
3. EMR 2013: The Market for Electronic Medical Records
4. Perrigo Reports Record Revenue and Adjusted Earnings
5. Apollo Medical Holdings Announces Record Fiscal Year-End Results
6. CryoLife 2013 First Quarter Revenues Grew 10 Percent to a Record $35.5 Million
7. ResMed Inc. Announces Record Financial Results For The Quarter Ended And Nine Months Ended March 31, 2013
8. 110+ Health Care Providers Announce Plans To Use Advanced Medical Records Technology To Improve Care For Thousands Of Denver-Area Patients
9. Childrens Hospitals and Clinics of Minnesota becomes first pediatric hospital in U.S. to develop interoperability between infusion pumps and electronic medical records
10. SynCardia Certified Centers Perform Record Number of Total Artificial Heart Implants During Q1 2013
11. Sigma-Aldrich (NASDAQ: SIAL) Reports Q1 2013 Sales And EPS Of $675 Million And $1.01, Respectively, Both Record Quarterly Highs. Reaffirms Full Year 2013 Diluted Adjusted EPS Outlook Of $4.10 To $4.20.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... 2016 Research and Markets ... Electronics 2015-2025: Applications, Technologies, Forecasts" report to ... In-Mold Electronics, Smart Skin, Structural Health Monitoring, Composite ... Structural electronics involves electronic and/or electrical components and ... dumb structures such as vehicle bodies or conformally ...
(Date:6/24/2016)... SAN CLEMENTE, Calif. , June 24, 2016  American Respiratory ... testing company, is now able to perform sophisticated lung assessments in ... Medical Technologies , Inc. Patients are no longer ... to ndd,s EasyOne PRO ® , ARL patients like Jeanne R. ... testing done in the comfort of her own home. ...
(Date:6/24/2016)... Mass. , June 24, 2016   Pulmatrix, ... pharmaceutical company developing innovative inhaled drugs, announced today that ... Russell Investments reconstituted its comprehensive set of ... "This is an important milestone for Pulmatrix," ... will increase shareholder awareness of our progress in developing ...
Breaking Medicine Technology:
(Date:6/27/2016)... Park, KS (PRWEB) , ... June 27, 2016 , ... ... in retailers of Eyeglasses . , Millions of individuals in the United States ... eyeglasses have become a way to both correct vision and make a fashion statement. ...
(Date:6/26/2016)... ... ... a legally blind and certified personal trainer is helping to develop a weight loss fitness ... to fix the two major problems leading the fitness industry today:, , ... They don’t eliminate all the reasons people quit their exercise program ...
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand gesture animations, FCPX ... Austin - CEO of Pixel Film Studios. , ProHand Cartoon’s package transforms over ... Cut Pro X . Simply select a ProHand generator and drag it above media ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the benefits ... terms of the latter, setting the bar too high can result in disappointment, perhaps ... slow progress toward their goal. , Research from PsychTests.com reveals that ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Pulmonary Hypertension Association (PHA) ... will receive two significant new grants to support its work to advance research ... anniversary by recognizing patients, medical professionals and scientists for their work in fighting ...
Breaking Medicine News(10 mins):