Rockwell Medical slides 23% on new share offering

|About: Rockwell Medical, Inc. (RMTI)|By:, SA News Editor

Rockwell Medical (NASDAQ:RMTI) is 22.9% lower postmarket after launching a share offering.

Book-runners are Piper Jaffray and Cantor Fitzgerald.

Underwriters will get a 30-day optino to buy up to an additional 15% of shares.

Proceeds will be used for the commercialization of Dialysate Triferic and I.V. Triferic, as well as research and development and general purposes.

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