La Jolla Pharmaceutical readies $100M equity offering; shares down 4% after hours

|About: La Jolla Pharmaceutica... (LJPC)|By:, SA News Editor

La Jolla Pharmaceutical (NASDAQ:LJPC) is down 4% after hours on average volume on the heels of its announcement of a $100M public offering of common stock. Price, volume and terms have yet to be announced.

Net proceeds will be used for general corporate purposes.