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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Sep. 21, 10:06 AM

Slide #21. Aastrom Biosciences, Inc. Secondary Offering

Company: Aastrom Biosciences, Inc. (NASDAQ:ASTM)
Date announced: 9/11/2014
Shares Offered: 13,725,490
Date of Pricing: 9/11/2014
Price Per Share: $2.55
Closed Date: 9/17/2014
Secondary Offering Details: Aastrom Biosciences, Inc. (Nasdaq:ASTM), the leading developer of patient-specific expanded cellular therapies for the treatment of severe diseases and conditions, today announced that it has priced a public offering of 13,725,490 shares of its common stock at a price to the public of $2.55 per share. Aastrom has also granted the underwriters a 30-day option to purchase up to an additional 2,058,823 shares of common stock. The offering is expected to close on or about September 16, 2014, subject to customary closing conditions.

Aastrom Biosciences is a regenerative medicine company focused on the development of cell therapies to repair or regenerate damaged or diseased tissues. Co. is developing expanded multicellular therapies for use in the treatment of severe, chronic ischemic cardiovascular diseases. Ixmyelocel-T is a disease modifying therapy with multi-functional properties including: tissue remodeling, immuno-modulation and the promotion of angiogenesis. Co.'s cell-manufacturing technology enables the manufacture of multicellular therapies, expanded from an adult's own bone marrow, and delivered directly to damaged tissues.
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Company Name:  Aastrom Biosciences Inc.
Sector:  Biotechnology
 

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September 21, 2014    10:06 AM Eastern
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