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Tandem Diabetes Care closes common stock offering

Tandem Diabetes Care Inc. closed its underwritten public offering of 18.5 million common shares at $1.25 apiece for gross proceeds of $23.1 million.

Piper Jaffray & Co. acted as the sole book-running manager for the offering, while Oppenheimer & Co. Inc. and Wedbush Securities Inc. acted as co-managers.