Seeking Alpha

Receptos looks to raise $75M

  • Receptos (RCPT) has made a filing to offer up to $75M worth of stock. The firm closed at $28.75 on Tuesday.
  • SA author Stephen Simpson made the pharmaceutical company an Alpha-Rich pick in mid-August, since when its share price has shot up almost 100%.
  • "I was attracted by the company's S1P1 modulator technology and the prospects of the lead drug RPC1063 in both multiple sclerosis and ulcerative colitis," writes Simpson.
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