Synageva BioPharma (GEVA) Commences $80 Million Common Stock Offering

July 9, 2012 5:06 PM EDT Send to a Friend
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Synageva BioPharma (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 to cover over-allotments, if any, equal to up to 15% of the number of shares of common stock sold in the offering. Morgan Stanley (NYSE: MS) and J.P. Morgan (NYSE: JPM) are acting as joint book-running managers in the offering.


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