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SciClone Pharmaceuticals Inc. raised approximately $45 million in a public stock offering, its first trip to market in a decade. Howard Clowes, a partner at Gray Cary Ware & Freidenrich who represented SciClone in the transaction, said it is a sign the markets are recovering. SciClone was also able to win the backing of institutional investors. Clowes said that until now individual investors had supported the company. The company went public in 1992 and issued a secondary offering two years later.
October 02, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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