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Biotech / Medical : Biotechnology Value Fund, L.P. -- Ignore unavailable to you. Want to Upgrade?


To: scaram(o)uche who wrote (1488)3/1/2000 9:48:00 AM
From: nigel batesRespond to of 4974
 
Is this to provide for paying off Amersham (gg) ?

Where there is demand -

March 1 /PRNewswire/ -- Abgenix, Inc. (Nasdaq: ABGX - news) today announced the sale of 450,000 shares of Common Stock at a price of $210 per share pursuant to the exercise of the underwriters' over-allotment option.

March 1, 2000--Computerized Thermal Imaging, Inc. (OTC BB COII) announced today the close of its first private placement. Heavy interest in CTI generated significant funds in excess of the $30 million target.

Cell Genesys, Inc. (Nasdaq: CEGE - news) today announced that the company has received net proceeds of approximately $25 million in connection with the exercise of an over-allotment option by the underwriters of the February 10, 2000 secondary stock offering by Abgenix, Inc.

- supply follows pretty quickly.

nig



To: scaram(o)uche who wrote (1488)3/1/2000 1:27:00 PM
From: nigel batesRead Replies (1) | Respond to of 4974
 
...to put it in context (of sorts), Nycomed Amersham added $6bn to their market cap today, & they still don't seem to have decided what they are doing with their life sciences division...

nig



To: scaram(o)uche who wrote (1488)3/3/2000 8:47:00 AM
From: nigel batesRead Replies (2) | Respond to of 4974
 
This really boggles -

March 3, 2000--PE Corp. today announced the exercise by its underwriters of an over-allotment option to purchase 570,000 shares of Celera Genomics common stock associated with its follow-on stock offering announced March 1, 2000.
Including the over-allotment, the public offering totaled 4,370,000 shares at $225.00 per share, with net proceeds expected to be approximately $944 million.

The appetite for stock clearly NOT satiated.

Note MEDX raising funds today too.

nig