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Biotech / Medical : CVTX - CV Therapeutics, Inc.

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To: Todd N. Weisrock who started this subject10/6/2003 9:11:56 PM
From: mopgcw   of 411
 
UPDATE - CV Therapeutics files $252.5 mln mixed shelf
Friday October 3, 6:47 am ET

WASHINGTON, Oct 3 (Reuters) - CV Therapeutics Inc. (NasdaqNM:CVTX - News) on Friday filed with the Securities and Exchange Commission (News - Websites) to periodically sell up to $252.5 million in debt securities, preferred and common stock, and warrants.
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The Palo Alto, California-based biotechnology company said it plans to use the proceeds from the shelf offering for general corporate purposes, which may include research and development, product manufacturing, clinical trials and filing of new drug applications.

CV shares closed at $22.05 Thursday on the New York Stock Exchange (News - Websites). They have ranged from $15.73 to $41.50 in last 52 weeks.

The shelf registration statement includes another $47.5 million in previously registered but unissued securities for a total of $300 million.

Under a shelf registration, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.
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