Aratana raises $11.7M despite aborted stock offering

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Aratana Therapeutics Inc. raised $11.7 million in January through stock offerings, according to a filing with the Securities and Exchange Commission. The funds were raised through the sale of 2.39 million shares via an at-the-market sales agreement with Cowen and Co. LLC. The agreement, which Aratana (Nasdaq: PETX) entered in December, would allow the company incrementally to sell up to $50 million worth of shares. Considering the most recent sales, Aratana may sell the remaining $38 million in…
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Aratana raises $11.7M despite aborted stock offering

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