ZymoGenetics, the Seattle-based biotech company, said today its underwriters have exercised their options to buy all the shares they were granted, bringing its net proceeds from the latest offering to $90.9 million. Investors and underwriters bought a total of 16.1 million shares at $6 apiece, ZymoGenetics said. The money will be used to support R&D, and to help market the company’s lone approved drug, recombinant thrombin (Recothrom).
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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