05-31-2012, 10:06 PM
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Join Date: May 2012
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BioMarin prices 6.5 mln share offer At Wed close
BioMarin Pharmaceutical Inc. BMRN priced its public offering of 6.5 million shares at Wednesday's closing price.
Shares fell 4.7% in premarket trading to $36.48, below the offering price of $38.29. The stock is up 11% so far this year. The pharmaceutical company unveiled plans late Wednesday to offer shares to raise proceeds for general corporate purposes, including working capital and research and development.
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