BioLineRx (NASDAQ: BLRX; TASE: BLRX), a clinical-stage biopharmaceutical company dedicated to identifying, in-licensing and developing promising therapeutic candidates, today announced that it has commenced an underwritten public offering of its American Depositary Shares ("ADSs"), each representing ten (10) of its Ordinary Shares. All of the ADSs in the offering are to be sold by BioLineRx. - updated 3/4 - BioLineRx (NASDAQ:BLRX) (TASE: BLRX), a clinical-stage biopharmaceutical company dedicated to identifying, in-licensing and developing promising therapeutic candidates, today announced that it has priced an underwritten public offering of 8,400,000 American Depositary Shares ("ADSs"), each representing ten (10) of its Ordinary Shares, at a public offering price of $2.50 per ADS for gross proceeds of $21.0 million. All of the ADSs in the offering are to be sold by BioLineRx. Delivery of the ADSs is expected to occur on March 7, 2014. BioLineRx has granted the underwriters a 30-day option to purchase up to an additional 1,260,000 ADSs to cover over-allotments, if any.
BioLineRx is a clinical stage biopharmaceutical development company dedicated to identifying, in-licensing and developing therapeutic candidates that have advantages over available therapies or that address unmet medical needs. Co.'s development pipeline consists of six clinical-stage therapeutic candidates: BL-1020; BL-1040; BL-5010; BL-7040; BL-8040; and BL-1021. In addition, Co. has six therapeutic candidates in the preclinical stages of development. Co. also evaluates, on a case by case basis, co-development and similar arrangements and the commercialization of its therapeutic candidates independently.
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