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Regulus to Raise $90M in Stock Offering

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NEW YORK (GenomeWeb) — Regulus Therapeutics this week announced that it had priced its previously announced public offering of roughly 5.3 million shares of its common stock at $17 apiece, valuing the transaction at about $90 million.

During midday trading on the Nasdaq Wednesday, shares of Regulus were selling for $18.90 each.

About 4.4 million shares are being sold by Regulus, with the remainder being offered by former parent firm Isis Pharmaceuticals. The underwriters of the offering have also been granted an option to buy an additional 794,117 shares.

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