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Applied Genetic Technologies plans public offering of 2 million shares
BMO Capital, Stifel, Wedbush are to be the joint bookrunning managers
By Devika Patel
Knoxville, Tenn., July 11 – Applied Genetic Technologies Corp. will price a public sale of 2 million common shares with a 30-day greenshoe option of 300,000 additional shares, according to a Form S-1 filed Friday with the Securities and Exchange Commission.
BMO Capital Markets, Stifel and Wedbush PacGrow Life Sciences are the joint bookrunning managers. Cantor Fitzgerald & Co. and Roth Capital Partners are the co-managers.
Proceeds will be used for preclinical investigation and Phase ½ trials, to expand manufacturing capabilities, to in-license, acquire or invest in complementary gene therapy technologies, products or assets and for working capital and other general corporate purposes.
The clinical-stage biotechnology company is based in Alachua, Fla.
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