Alector Prices $75 Million Share Offering; Stock Rises 6%
Alector priced an underwritten offering of 36.6 million common shares at $2.05 each. Its shares rose 6% to $2.03 in morning trading.
By Chris WackAlector shares were higher after the company priced an underwritten offering of 36.6 million shares of common stock.The stock was up 6%, at $2.03, in morning trade, and is 39% higher in the past three months.The biotechnology company said the shares are being sold at $2.05 a share, whi…