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Novavax nets $36.1mm with private placement

Executive Summary

Novavax (vaccines and drug delivery technologies), which raised $20mm through a private financing last month, has now netted $36.1mm from a private placement of 5.2mm common shares at $7.30 each (a 12% premium). Rodman & Renshaw acted as placement agent for the transaction. This month Novavax also signed a deal with Bharat Biotech International to develop a vaccine for the avian flu.
Deal Industry
  • Biotechnology
    • Liposomes
  • Pharmaceuticals
    • Drug Delivery
    • Vaccines
Deal Status
  • Final
Deal Type
  • Financing
    • Private Investment in Public Equity
    • Private Placement

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