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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Sep. 24, 11:50 AM

Slide #24. Array BioPharma Inc. Secondary Offering

Company: Array BioPharma Inc. (NASDAQ:ARRY)
Date announced: 9/13/2017
Shares Offered: 20,930,232
Date of Pricing: 9/14/2017
Price Per Share: $10.75
Secondary Offering Details: Array BioPharma Inc. (Nasdaq: ARRY) today announced that it has commenced an underwritten public offering of $175,000,000 of shares of its common stock. Array BioPharma also intends to grant the underwriters a 30-day option to purchase up to an additional $26,250,000 of shares of its common stock offered in the public offering. All of the shares in the offering are to be sold by Array BioPharma. -updated 8/14- Array BioPharma Inc. (Nasdaq: ARRY) announced today the pricing of an underwritten public offering of 20,930,232 shares of its common stock at a public offering price of $10.75 per share. The gross proceeds from the sale of the shares, before underwriting discounts and commissions and offering expenses, are expected to be approximately $225 million. The offering is expected to close on or about September 19, 2017, subject to customary closing conditions. Array also granted the underwriters a 30-day option to purchase up to 3,139,534 additional shares of common stock. All of the shares sold in the offering are being sold by Array.

Array BioPharma is a biopharmaceutical company focused on the discovery, development and commercialization of targeted small molecule drugs to treat patients afflicted with cancer. Co.'s clinical stage drugs include: Binimetinib and Selumetinib, MEK inhibitors for cancer; Encorafenib, a BRAF inhibitor for cancer; ASC08/Danoprevir, a protease inhibitor for hepatitis C virus; Ipatasertib/GDC-0068, a AKT inhibitor for cancer; Larotrectinib/LOXO-101, a PanTrk inhibitor for cancer; Tucatinib/ONT-380, a HER2 inhibitor for breast cancer; Varlitinib/ASLAN001, a Pan-HER2 inhibitor for gastric or breast cancer; and ARRY-797, a p38 inhibitor for Lamin A/C-related dilated cardiomyopathy, among others.

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Company Name:  Array BioPharma Inc.
Website:  www.arraybiopharma.com
Sector:  Drugs & Pharmaceuticals
Number of ETFs Holding ARRY:  24
Total Market Value Held by ETFs:  $138.83M
Total Market Capitalization:  $1.99B
% of Market Cap. Held by ETFs:  6.98%
 

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September 24, 2017    11:50 AM Eastern
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