Its stock soaring in value, Targacept looks to raise $46 million :: Editor’s Blog at Local Tech Wire

WINSTON-SALEM, N.C. – Shares in biopharmaceutical firm Targacept (Nasdaq: TRGT) have skyrocketed since July and the company is looking to cash in with a $46 million stock offering.

Targacept said Thursday it is looking to sell 2.2 million shares at $21 each. Deutsch Bank Securities, which is handling the offering, has the option to purchase another 320,000 shares Story continues here ➤