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EnteroMedics plans $25 million at-the-market distribution agreement
Offering will be conducted by agent Cowen, company reports in 8-K
By Devika Patel
Knoxville, Tenn., June 13 – EnteroMedics Inc. negotiated a $25 million at-the-market equity distribution agreement with Cowen and Co., LLC on June 13, according to an 8-K filed Friday with the Securities and Exchange Commission.
The agent will be paid a 3% commission.
St. Paul, Minn.-based EnteroMedics develops implantable systems for the treatment of obesity and other gastrointestinal disorders.
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