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Oncothyreon plans public offer of common, convertible preferred shares
Deals finance development of ONT-380 and ONT-10 and corporate purposes
By Devika Patel
Knoxville, Tenn., Sept. 17 – Oncothyreon Inc. will conduct a public offering of common stock with a 30-day greenshoe option as well as a concurrent offering of series A convertible preferred stock, according to separate 424B5 filings with the Securities and Exchange Commission.
Cowen and Co., LLC is the sole book-running manager for both deals.
Proceeds of both offerings will be used for development of ONT-380 and ONT-10 and general corporate purposes.
Oncothyreon is a Seattle biotechnology company. It makes the Stimuvax cancer vaccine that is being evaluated in two Phase 3 clinical trials for the treatment of non-small cell lung cancer.
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