Anpac Bio-Medical in Montgomery County expects $2.5 million from public stock sale

A Chinese biotechnology company that has its U.S. headquarters in Montgomery County expects to raise $2.5 million in a public stock offering. Anpac Bio-Medical Science Co. Ltd. (NASDAQ: ANPC), which is focused on early cancer screening and detection, is selling 1.13 million American depository shares at $2.22 per share. The amount of the offering could climb to $2.87 million if underwriters exercise their full option to purchase 170,00 0 additional shares to cover overallotments. Anpac plans to…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news