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Synergy Pharmaceuticals nets $122mm via follow-on

Executive Summary

Synergy Pharmaceuticals Inc. (gastrointestinal disease therapeutics) netted $122mm through the follow-on public offering of 20.3mm common shares at $6.15. The company will use the proceeds to help fund commercial activities for its chronic idiopathic constipation drug Trulance, and for ongoing Phase III trials of plecanatide for irritable bowel syndrome with constipation.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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