Immunomedics (IMMU) Announces Proposed $250M Public Offering of Common Stock

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Immunomedics Announces Proposed Public Offering of Common Stock

December 3, 2019 4:02 PM EST

MORRIS PLAINS, N.J., Dec. 03, 2019 (GLOBE NEWSWIRE) -- Immunomedics, Inc. (NASDAQ: IMMU) (Immunomedics or the Company), a leading biopharmaceutical company in the area of antibody-drug conjugates (ADC), today announced it has commenced an underwritten public offering of $250,000,000 of shares of its common stock. In addition, Immunomedics expects to grant the underwriters a 30-day option to purchase up to an... More