Raptor Pharmaceutical arranges $40 million at market sales agreement

Agent Cowen raises funds on a commercially reasonable efforts basis

By Devika Patel

Knoxville, Tenn., May 1 - Raptor Pharmaceutical Corp. negotiated a $40 million at market sales agreement to sell its common stock on April 30, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

Agent Cowen and Co., LLC will conduct the sale on a commercially reasonable efforts basis.

Raptor is a Novato, Calif., biotechnology company that bioengineers novel drugs and drug-targeting platforms derived from the human receptor-associated protein and related proteins.

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