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Portola Pharmaceuticals sinks on news of public offering

Oct. 16, 2013 10:58 AM ETPortola Pharmaceuticals, Inc. (PTLA) StockPTLABy: Colin Lokey, SA News Editor
  • Portola Pharmaceuticals (PTLA -7.1%) falls sharply after announcing a $100M public offering.
  • The deal will reportedly include shares from selling stockholders.
  • The company intends to use a portion of the proceeds to "support the pursuit of an accelerated approval process for Andexanet alfa." (PR)

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Portola Pharmaceuticals, Inc.