Advanced Magnetics proposes stock offering

MRI contrast developer Advanced Magnetics said it intends to publicly offer 2 million shares of its common stock in an underwritten public offering.

The company also plans to grant the underwriters a 30-day option to purchase an additional 300,000 shares of common stock, according to the Cambridge, MA-based firm.

By staff writers
May 17, 2007

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Copyright © 2007

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