On Thursday, Alder Biopharmaceuticals Inc (NASDAQ:ALDR)’s shares declined -0.32% to $40.83.
Alder BioPharmaceuticals, Inc. (ALDR), a clinical-stage biopharmaceutical company, declared recently that the underwriters of its formerly declared public offering of common stock have exercised in full their option to purchase an additional 674,157 shares of common stock. The closing of the sale of all shares occurred recently. Gross proceeds from the offering of an aggregate of 5,168,539 shares at a public offering price of $44.50 per share, before underwriting discounts and commissions and offering expenses, were about $230 million.
Credit Suisse, Leerink Partners and Wells Fargo Securities acted as joint book-running managers for the offering. Bernstein acted as co-manager for the offering.
Alder BioPharmaceuticals, Inc., a clinical-stage biopharmaceutical company, discovers, develops, and commercializes various therapeutic antibodies in the United States and Australia. It is developing monoclonal antibodies comprising ALD403, which has accomplished Phase Ib proof-of-concept trials to target calcitonin gene-related peptide for the prevention of migraine; Clazakizumab that has accomplished Phase IIb clinical trials that inhibits the pro-inflammatory cytokine interleukin-6 in the treatment of rheumatoid arthritis and psoriatic arthritis; and ALD1613, which is in preclinical stage of development for the treatment of Cushing’s disease.
Dr Pepper Snapple Group Inc. (NYSE:DPS)’s shares gained 0.56% to $75.96.
Dr Pepper Snapple Group, Inc., (DPS) has reached a contract to make an equity investment in BA Sports Nutrition, LLC, owner of BODYARMOR SuperDrink, a line of premium sports drinks. The $20 million investment gives DPS an 11.7 percent ownership position in BA Sports Nutrition.
DPS has carried BODYARMOR as an allied brand in much of its direct store delivery network since 2013 and plans to expand the product line further in its system over the next year.
Dr Pepper Snapple Group, Inc. operates as a brand owner, manufacturer, and distributor of non-alcoholic beverages in the United States, Canada, Mexico, and the Caribbean. The company operates through three segments: Beverage Concentrates, Packaged Beverages, and Latin America Beverages. It offers flavored...