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Genome Therapeutics Prices Stock Offering at $5.25 per Share

NEW YORK, Feb. 3 (GenomeWeb News) - Genome Therapeutics has set a price of $5.25 per share for the sale of up to 16.8 million shares of its common stock, the company said today.

The offering will fund the pending acquisition of Genesoft Pharmaceuticals, which was approved by the shareholders of both firms yesterday. 

The offering, to be led by JP Morgan Securities and Legg Mason Wood Walker, is expected to close on Feb. 6, 2004.

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