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Albireo closes common stock offering
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Albireo Pharma Inc. closed its underwritten public offering of 2.2 million common shares at $20.50 per share.
In addition, the underwriters exercised an option to buy an additional 330,000 shares.
Gross proceeds from the offering amounted to about $51.9 million, with net proceeds of about $48.2 million.
Cowen and William Blair acted as joint book-running managers and representatives of the underwriters, with Needham & Co. and Wedbush PacGrow as co-managers in the offering.