CoLucid Pharmaceuticals (CLCD) IPO Opens Down 15%

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CoLucid Pharmaceuticals Announces Pricing of Initial Public Offering

May 6, 2015 9:00 AM EDT

BURLINGTON, Mass., May 6, 2015 (GLOBE NEWSWIRE) -- CoLucid Pharmaceuticals, Inc. ("CoLucid") (Nasdaq: CLCD), a Phase 3 clinical-stage biopharmaceutical company that is developing its lead product candidate, lasmiditan, for the acute treatment of migraine headaches, announced today the pricing of its initial public offering of 5,500,000 shares of common stock at a public offering price of $10.00 per share.

In addition, CoLucid has granted the underwriters a 30-day option to purchase up to an additional 825,000 shares of common stock at the public offering... More