Arrowhead Research this week announced that it will sell 5.5 million shares of its common stock at $18.95 apiece for gross proceeds of $104 million.

The company has also granted the underwriters of the offering an option to buy an additional 825,000 shares, which would add another $15.6 million.

The company said the offering is expected to close early next week. The funds raised will be used for general corporate purposes, including research and development.

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