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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Sep. 30, 9:25 AM

Slide #7. Array BioPharma Secondary Offering

Company: Array BioPharma (NASDAQ:ARRY)
Date announced: 9/27/2016
Shares Offered: 18,400,000
Date of Pricing: 9/27/2016
Price Per Share: $6.25
Secondary Offering Details: Array BioPharma (Nasdaq: ARRY) today announced that it has commenced an underwritten public offering of $100 million of shares of its common stock. Array BioPharma also intends to grant the underwriters a 30-day option to purchase up to an additional $15 million 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 9/27- Array BioPharma Inc. (Nasdaq: ARRY) announced today the pricing of an underwritten public offering of 18,400,000 shares of its common stock at a public offering price of $6.25 per share. The gross proceeds from the sale of the shares, before underwriting discounts and commissions and offering expenses, are expected to be approximately $115 million. The offering is expected to close on or about October 3, 2016, subject to customary closing conditions. Array also granted the underwriters a 30-day option to purchase up to 2,760,000 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, a MEK inhibitor for cancer; Encorafenib, a BRAF inhibitor for cancer; Filanesib, an inhibitor for multiple myeloma; ARRY-797, a p38 inhibitor for Lamin A/C-related dilated cardiomyopathy; ASC08/Danoprevir, a protease inhibitor for Hepatitis C virus; ASLAN001/Varlitinib and ONT-380/ARRY-380, a HER2 inhibitor for breast cancer; Ipatasertib/GDC-0068, a AKT inhibitor for cancer; and Motolimod/VTX-2337, a Toll-like receptor for cancer.

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Company Name:  Array BioPharma Inc.
Sector:  Biotechnology
Number of ETFs Holding ARRY:  18
Total Market Value Held by ETFs:  $47.95M
Total Market Capitalization:  $956.00M
% of Market Cap. Held by ETFs:  5.02%

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

September 30, 2016    9:25 AM Eastern
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