Neurocrine Nabs $20M

3/5/10

Neurocrine Biosciences, the San Diego biotech company developing treatments for neurological and endocrine disorders, said today it has raised gross proceeds of about $20 million in a stock offering. The company (NASDAQ: NBIX) sold 9.1 million shares at $2.20 apiece. Jefferies & Co., the sole book-running manager of the offering, has a 30-day option to buy about 1.36 million more shares.

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