Endocyte (ECYT +8%) jumps after pricing a secondary offering of 5.8M shares at $12.26 each,...

|By:, SA News Editor

Endocyte (ECYT +8%) jumps after pricing a secondary offering of 5.8M shares at $12.26 each, in-line with yesterday's closing price. The company had initially filed to sell 4,9M shares, but an additional 900K was added at the last moment by an existing institutional shareholder once the placement showed outsized demand.