(EMAILWIRE.COM, November 21, 2009 ) Dallas, TX – BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) plunges 8.17% to $9.55 after the company yesterday announced pricing of a public offering of 5,000,000 shares of its common stock at $9.75 per share, resulting in gross proceeds of $48.75 million. All of the shares are being offered by BioCryst pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission. BioCryst has also granted the underwriters a 30-day option to purchase up to an aggregate of 750,000 additional shares of common stock to cover over-allotments, if any.
Novavax, Inc. (NASDAQ:NVAX) went down 13% to $3.28 after the company announced that it intends to offer shares of its common stock in an underwritten public offering. Piper Jaffray & Co. and Lazard Capital Markets LLC are acting as joint book running managers. Novavax, Inc. is a clinical-stage biopharmaceutical company focused on creating differentiated, value-added vaccines that improve upon preventive options for a range of infectious diseases.
Helicos BioSciences Corp. (NASDAQ:HLCS) declined 5.36% to $1.59. The stock hit an intraday high and an intraday low of $1.65 and $1.40 respectively. In the last six months the stock went up over 189%. Helicos BioSciences Corporation is a life sciences company focused on genetic analysis technologies for the research, drug discovery and clinical diagnostics markets. Helicos has developed a technology, called the True Single Molecule Sequencing (tSMS) technology, to facilitate the rapid analysis of large quantities of genetic material by directly sequencing single molecules of deoxyribonucleic acid (DNA) or single DNA copies of ribonucleic acid (RNA).
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