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KemPharm registers $62.69 million stock for sale of 3 million shares
Cowen, RBC Capital, Canaccord Genuity and Oppenheimer assist with sale
By Devika Patel
Knoxville, Tenn., Dec. 18 – KemPharm, Inc. will sell 3 million common shares in a public offering with a 30-day greenshoe of 450,000 additional shares, according to a Form S-1 filed Friday with the Securities and Exchange Commission. The company has registered up to $62,686,500 of stock.
Cowen and Co. and RBC Capital Markets are the bookrunning managers. Canaccord Genuity and Oppenheimer & Co. are the co-managers.
Proceeds will be used for clinical trials, research and development, working capital and other general corporate purposes.
The clinical-stage specialty pharmaceutical company is based in Coralville, Iowa.
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