Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Neurogen (NRGN) -- Ignore unavailable to you. Want to Upgrade?

To: tuck who wrote (443)	12/20/2006 2:58:43 PM
From: scaram(o)uche	Read Replies (2) \| Respond to of 523

I'm a shareholder again, for the first time in ages. Starter position. Shooting, still, at innovative targets...... gotta admire them.

To: tuck who wrote (443)	12/22/2006 4:25:14 PM
From: tuck	Read Replies (1) \| Respond to of 523

>>Neurogen Closes $40 Million Registered Direct Offering of Common Stock Friday December 22, 4:15 pm ET BRANFORD, Conn., Dec. 22 /PRNewswire-FirstCall/ -- Neurogen Corporation (Nasdaq: NRGN - News) today announced it has closed its previously announced registered direct offering of common stock, resulting in receipt by the Company of approximately $37.3 million in net proceeds, after payment of expenses. In the offering, Neurogen issued 6,993,000 shares of its common stock to selected institutional investors at a price of $5.72 per share, the NASDAQ closing price on December 18, 2006, the date of pricing for the offering, for a total offering value of $40 million. Pacific Growth Equities, LLC acted as lead placement agent, and CIBC World Markets Corp., Leerink Swann & Company and Merriman Curhan Ford & Co. acted as placement agents for the offering. The shares were offered under the Company's effective shelf registration statement.<< snip Not a shareholder yet, because I haven't figured out how NRGN's programs stack up to competition, and what their partnering strategy is. Need to dig more. But the insomnia market is getting so crowded, while VR1 programs keep showing up (though I believe NRGN is at the front of the pack). Cheers, Tuck