AcelRx Pharmaceuticals (ACRX -5.3%) slides after announcing a proposed 10M share secondary...

|About: AcelRx Pharmaceuticals, Inc. (ACRX)|By:, SA News Editor

AcelRx Pharmaceuticals (ACRX -5.3%) slides after announcing a proposed 10M share secondary offering. All of the shares in the offering are to be sold by ACRX. Jefferies and Cowen are acting as joint book-running managers, with Canaccord Genuity acting as co-lead manager.