Momenta raised $46.7m by selling 4.6m shares
September 28, 2009 02:43 PM
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Momenta Pharmaceuticals Inc. said it closed at sale of 4.6 million shares, and raised $46.7 million after deducting expenses.
On Wednesday, Cambridge-based Momenta said it would sell 4 million shares at $10.75 per share. The underwriters of the sale exercised options to buy another 600,000 shares.
In afternoon trading, the biotechnology company's stock picked up 42 cents, or 3.8 percent, to $11.36.
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