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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Apr. 25, 10:46 PM

Slide #15. Biodel Inc. Secondary Offering

Company: Biodel Inc. (NASDAQ:BIOD)
Date announced: 4/15/2015
Shares Offered: 32,608,696
Date of Pricing: 4/15/2015
Price Per Share: $0.92
Secondary Offering Details: Biodel Inc. (NASDAQ: BIOD) today announced that it has priced a public offering of 32,608,696 shares of its common stock at a price of $0.92 per share. The offering is expected to close on April 20, 2015, subject to customary closing conditions. In addition, Biodel has granted the underwriters a 30-day option to purchase up to 4,891,304 additional shares of common stock to cover over-allotments, if any.

Biodel is a development stage company. As a biopharmaceutical company, Co. is focused on the development and commercialization of treatments for diabetes. Co.'s most advanced insulin formulation, BIOD-123, combines recombinant human insulin with its combination of excipients to increase the rate of absorption following injection. Co. is also using its excipients to develop insulin analog-based formulations using either insulin lispro or insulin aspart. Co. has two insulin analog-based formulations, BIOD-238 and BIOD-250, in clinical trial. In addition, Co. is developing room temperature glucagon presentations for use as a rescue treatment for diabetes patients experiencing hypoglycemia.
Open the BIOD Page at The Online Investor »

Company Name:  Biodel Inc
Website:  www.biodel.com
Sector:  Drugs & Pharmaceuticals
Number of ETFs Holding BIOD:  1
Total Market Value Held by ETFs:  $90474
Total Market Capitalization:  $30.00M
% of Market Cap. Held by ETFs:  0.30%
 

Open the BIOD Page at The Online Investor (in a new window) »

April 25, 2015    10:46 PM Eastern
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Buy (3.33 out of 4)
63rd percentile
(ranked higher than approx. 63% of all stocks covered)
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