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Synergy Pharma Announces Stock Offering

Synergy Pharmaceuticals Inc. (SGYP) said Tuesday that it is offering to sell an aggregate value of $90 million of its common stock in an underwritten public offering, or an aggregate value of $103.5 million of its common stock if the underwriters of such offering exercise their over-allotment option in full.

Credit Suisse, Citigroup and Canaccord Genuity are acting as book-running managers in this offering.

by RTTNews Staff Writer

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