Receptos to sell 2.75 million common shares through public offering

Funds used for product development, clinical trials, working capital

By Devika Patel

Knoxville, Tenn., Jan. 6 - Receptos, Inc. will sell 2.75 million common shares in its public sale with a greenshoe option of 412,500 additional shares, according to a Form S-1/A filed Monday with the Securities and Exchange Commission. The deal was announced Dec. 31.

Credit Suisse, Leerink Swann and BMO Capital Markets are the joint bookrunners. Wedbush PacGrow Life Sciences is the co-manager.

Proceeds will be used for product development, clinical trials, preclinical and research programs, working capital and other general corporate purposes.

The biopharmaceutical company is based in San Diego.

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