BioDelivery Sciences International (NASDAQ: BDSI) has closed an underwritten public offering of 12,000,000 common stock shares. According to the update, BioDelivery Sciences and a selling stockholder sold the shares at a public offering price of $5.00 per share, resulting in $60 million in gross proceeds. BDSI will not receive any of the proceeds from sale of the common stock shares by the selling stockholder. In addition, underwriters have a 30-day option to purchase up to an additional 1,800,000 common stock shares at the public offering price from a selling stockholder. ROTH Capital Partners acted as co-manager for the transactions.
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About BioDelivery Sciences International, Inc.
BioDelivery Sciences International, Inc. (NASDAQ: BDSI) is a commercial-stage specialty pharmaceutical company dedicated to patients living with chronic conditions. BDSI is utilizing its novel and proprietary BioErodible MucoAdhesive (BEMA®) technology, to develop and commercialize, either on its own or in partnership with third parties, new applications of proven therapies aimed at addressing important unmet medical needs, including its products BELBUCA® and Symproic®. BDSI’s marketed products and those in development address serious and debilitating conditions such as chronic pain, breakthrough cancer pain, opioid dependence and opioid induced constipation. For more information, visit the company’s website at www.BDSI.com.
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