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Genitope plans share offer


Published : Thu, 19 Apr 2007 17:34
By : Agencies
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FREMONT, Calif. (AP) - Biotechnology company Genitope Corp. on Thursday said it plans a public offering of 5.5 million shares of common stock.

Punk, Ziegel & Co. is the underwriter on the offering, which is being made under an existing shelf registration with the Securities and Exchange Commission. The company said it will grant the underwriter the option to buy another 825,000 shares to cover any over-allotments.

Company shares fell 20 cents to $4.34 in midday trading on the Nasdaq Stock Market.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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