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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)
09/21/201520:46:17Vical to Present Preclinical Data at ICAAC 2015 Meeting for Its...
09/04/201516:36:32Current Report Filing (8-k)
08/07/201516:25:56Current Report Filing (8-k)
07/30/201513:52:21Quarterly Report (10-q)
07/30/201506:32:07Current Report Filing (8-k)
07/27/201513:25:39Statement of Changes in Beneficial Ownership (4)
07/15/201517:19:52Statement of Changes in Beneficial Ownership (4)
07/15/201517:15:55Statement of Changes in Beneficial Ownership (4)
07/15/201516:50:31Statement of Changes in Beneficial Ownership (4)
06/22/201516:11:52Current Report Filing (8-k)
06/19/201514:05:25Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
06/19/201506:01:38Notice of Effectiveness (effect)
06/11/201517:21:36Securities Registration Statement (simplified Form) (s-3/a)
06/08/201516:14:55Confidential Treatment Order (ct Order)
05/27/201506:03:15Securities Registration Statement (simplified Form) (s-3)
05/26/201514:27:33Current Report Filing (8-k)
05/26/201513:31:54Statement of Changes in Beneficial Ownership (4)
05/26/201513:26:15Statement of Changes in Beneficial Ownership (4)
05/26/201513:21:34Statement of Changes in Beneficial Ownership (4)
05/26/201513:16:49Statement of Changes in Beneficial Ownership (4)

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