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Tekmira Closes $30M Stock Offering

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Tekmira Pharmaceuticals this week announced that it has completed the public offering of $30 million of its common stock.

Through the transaction, Tekmira sold 3.75 million shares at $8 apiece. The underwriters of the offering have a 30-day option to purchase an additional 15 percent of the shares to cover over-allotments.

Tekmira stock was selling for around $8.68 during midday trading on Wednesday.

The Scan

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