NPS Pharmaceuticals closes public offering of 7,912,000 common stock shares

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NPS PharmaceuticalsSep 22 2010

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NPS Pharmaceuticals, Inc. (Nasdaq: NPSP) today announced the closing of a public offering of 7,912,000 shares of its common stock, including 1,032,000 shares sold pursuant to the full exercise of an overallotment option previously granted to the underwriters. Net proceeds were approximately $44.4 million after deducting underwriting discounts and estimated offering expenses. Jefferies & Company, Inc. acted as the sole book-running manager and Canaccord Genuity Inc. acted as co-lead manager for the offering.

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