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Horizon Pharma Announces $50.8 Million Private Placement
Announced today the execution of a securities purchase agreement with a select group of institutional and accredited investors providing for a private placement financing. Upon the closing of the private financing, Horizon will receive gross proceeds of approximately $50.8 million resulting from the sale of 14,033,829 units at a price of $3.62125 per unit. Each unit consists of one share of Horizon's common stock and a warrant to purchase 0.25 shares of common stock at an exercise price of $4.308 per share. The financing is expected to close on March 2, 2012 subject to standard closing conditions. JMP Securities LLC, Cowen and Company, LLC and Stifel Nicolaus Weisel served as joint-lead placement agents for the financing.Horizon expects that the net proceeds from this financing, combined with existing cash resources, will fund the company's operations into the second half of 2013 and will be used for the ongoing commercial launch of DUEXIS(R) in the U.S., to pursue regulatory approval for LODOTRA(R) in the U.S. and DUEXIS in Europe and for working capital and other general corporate purposes.
Deerfield Entrepreneur Finds Next Venture - Deerfield, IL Patch
Not long after Donna Price and her husband Marc sold The Mad Science Group in Deerfield, the 25-year Village resident started looking for something else to do. Always creative and a lover of crafts, it did not take long for Price to develop the... It will be a place where people can make things from supplies and tools Price will offer either in a class or open time. “We’ll find somebody to teach it. ”. The two prongs of the business are open drop in times where people can arrive for approximately three hours at a set time to use the tools and facilities as well as group events. “Everyone will leave with something they make,” Price said of the classes and parties....