Synageva BioPharma (GEVA) Announces $80M Common Offering

Synageva BioPharma Corp. (“Synageva”) (NASDAQ: GEVA), has commenced a $80 million underwritten public offering of shares of its common stock. In connection with this offering, Synageva expects to grant to the underwriters a 30-day option to purchase additional shares of common stock, equal to up to 15% of the number of shares of common stock sold in the offering. Morgan Stanley and J.P. Morgan are acting as joint book-running managers in the offering, and Cowen and Company is acting as co-manager in the offering.

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