NEW YORK (GenomeWeb News) — Devgen, a Belgian biotech research company, said today it has raised €31 million ($40.7 million) in a private stock placement with new institutional investors.
 
Devgen said it placed 1.5 million shares priced at €20.75 apiece, and will apply for the shares to be admitted on Euronext, which is a cross-border European exchange. The company said the transaction should close on Feb. 20.  
 

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