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Zogenix selling $60m in stock to finance Zohydro

This article was originally published in Scrip

Executive Summary

Zogenix said it will sell $60m worth of common stock in an underwritten public offering primarily to finance pre-commercial activities and commercialization for the pain drug Zohydro ER (hydrocodone bitartrate), which in late October became the first extended-release formulation of hydrocodone and acetaminophen approved by the US FDA (scripintelligence.com, 26 October 2013).

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