NephroGenex intends to sell 1,001,602 shares through public offering

Bookrunner Aegis helps fund clinical development and working capital

By Devika Patel

Knoxville, Tenn., July 16 – NephroGenex, Inc. plans to sell 1,001,602 shares with warrants for 1,001,602 shares in its public sale with a 45-day greenshoe of 150,240 additional shares and 150,240 additional warrants, according to an S-1/A filed Thursday with the Securities and Exchange Commission. The company has registered up to $16,171,875 of stock for the sale, which was announced April 20.

Aegis Capital Corp. is the bookrunner.

Proceeds will be used for working capital and general corporate purposes.

The Raleigh, N.C., pharmaceutical company develops therapeutics to treat kidney disease.

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