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YM BioSciences seeks $70m from public offering

 
• By Gemma Sharman

Canadian drug development company YM BioSciences is looking to raise $70 million in a public offering announced on 23 February, having priced 35 million common shares at $2 a share. The offering is expected to close on or around 29 February 2012.

Canadian drug development company YM BioSciences is looking to raise $70 million in a public offering announced on 23 February, having priced 35 million common shares at $2 a share. The offering is expected to close on or around 29 February 2012.

YM BioSciences intends to use the money to fund its ongoing drug development activities, and for general corporate purposes. The...

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