Egalet announces plans to conduct $30 million at-the-market offering

Deal arranged with Cantor Fitzgerald; proceeds fund corporate purposes

By Devika Patel

Knoxville, Tenn., July 2 – Egalet Corp. negotiated a $30 million at-the-market equity offering with agent Cantor Fitzgerald & Co. on July 2, according to a prospectus supplement and 8-K filed Thursday with the Securities and Exchange Commission.

Cantor will be paid a 3.4% commission.

Proceeds will be used for commercialization, research and development and general corporate purposes.

Wayne, Pa.-based Egalet is a specialty pharmaceutical company focused on developing pain treatments.

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