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Celldex Raises $31.5M, Stock Drops

11:58 EDT 18 May 2011 |

Needham, MA-based Celldex Therapeutics (NASDAQ: CLDX) said today it has raised $31.5 million through a stock offering. The company sold 10 million shares at $3.15 apiece, roughly a 19 percent discount to yesterday’s closing stock price of $3.88, before the deal was announced. Jefferies & Co, Wedbush Securities, Brean Murray, Carret & Co. and Roth [...]

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