CelatorĀ® Pharmaceuticals Announces Proposed Public Offering Of Common Stock

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Celator Pharmaceuticals (CPXX) Prices 4M Common Stock Offering at $9.50/Share

March 23, 2016 9:16 AM EDT

Celator Pharmaceuticals (Nasdaq: CPXX) announced the pricing of an underwritten public offering of 4,000,000 shares of common stock. The shares of common stock are being offered at a price of $9.50 per share. The gross proceeds to Celator from this offering are expected to be approximately $38.0 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by Celator. The Company has granted the underwriters a 30-day option to... More