OncoGenex: $7.5 million greenshoe exercised in public sale of shares

Bookrunners Leerink Swann and Stifel Nicolaus Weisel assist with sale

By Devika Patel

Knoxville, Tenn., March 23 - OncoGenex Pharmaceuticals, Inc. said that the underwriters of its previously announced public offering of common stock have exercised their overallotment option in full to purchase an additional 624,750 shares at $12.00 per share for $7,497,000. The deal was announced March 15 and will settle on March 27.

Leerink Swann LLC and Stifel Nicolaus Weisel are the joint bookrunning managers, and Lazard Capital Markets LLC and William Blair & Co., LLC are co-managers.

Proceeds will be used to advance the company's proprietary product OGX-427 and its pre-clinical product candidates as well as for general corporate purposes.

OncoGenex Pharmaceuticals, based in Bothell, Wash., is a biopharmaceutical company engaged in the development and commercialization of cancer therapies.

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