Somaxon Pharmaceuticals (SOMX -19%) gets smacked after saying its selling approximately 9.4M...


Somaxon Pharmaceuticals (SOMX -19%) gets smacked after saying its selling approximately 9.4M shares of its common stock and warrants in a registered direct offering to purchase up to approximately 4.7M shares of its common stock to institutional investors at $0.32 per share and per warrant. Aggregate proceeds from the transaction will total approximately $3.0M.

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