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Biopharmaceutical Co Vical Prices 13.3M Share Offering At 12% Discount

DOW JONES NEWSWIRES Biopharmaceutical developer Vical Inc.'s (VICL) public offering of 13.3 million shares priced at a 12% discount from Thursday's close. Shares were recently trading at $3.79, slightly above the offering price of $3.75. Vical develops gene-based treatments for cancer as well as vaccines for infectious diseases. Last year, it signed a $130 million licensing deal with Japan's Astellas Pharma Inc. (4503.TO, ALPMY) to develop and sell its TransVax cytomegalovirus vaccine. Like many development-stage drug makers, it posts frequent losses. The company, which had about 73.7 million outstanding shares as of Nov. 1, outlined plans to offer stock late Thursday but didn't detail how many shares it intended to offer. The firm expects to use the proceeds for general corporate purposes, including clinical trial expenses, research and development and other working capital. In November, Vical said it swung to a third-quarter profit on a large increase in license and royalty revenue. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108;;

Stock News for Vical (VICL)
05/25/201609:01:42Current Report Filing (8-k)
05/24/201612:14:41Statement of Changes in Beneficial Ownership (4)
05/24/201611:33:43Statement of Changes in Beneficial Ownership (4)
05/24/201611:28:01Statement of Changes in Beneficial Ownership (4)
05/24/201611:25:39Statement of Changes in Beneficial Ownership (4)
05/24/201611:24:06Statement of Changes in Beneficial Ownership (4)
05/24/201611:14:31Statement of Changes in Beneficial Ownership (4)
05/24/201610:58:43Statement of Changes in Beneficial Ownership (4)
05/09/201616:59:23Quarterly Report (10-q)
05/09/201606:46:12Current Report Filing (8-k)
05/09/201606:30:00Vical Reports First Quarter 2016 Financial Results
05/02/201606:30:00Vical Announces News Release and Conference Call Schedule for...
04/06/201617:09:43Additional Proxy Soliciting Materials (definitive) (defa14a)
04/06/201617:07:32Proxy Statement (definitive) (def 14a)
04/01/201606:09:32Proxy Soliciting Materials (revised) (prer14a)
03/30/201606:30:00FDA Grants Vical Fast Track Designation for VL-2397 for the Treatment...
03/23/201616:37:03Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/17/201615:35:04Statement of Changes in Beneficial Ownership (4)
03/14/201614:20:09Current Report Filing (8-k)
03/14/201606:30:00Vical Reports Fourth Quarter 2015 Financial Results

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