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Opko Health, Inc. Prices Offering of $175 Million of 3.00% Convertible Senior Notes Due 2033


1/25/2013 9:03:56 AM

MIAMI--(BUSINESS WIRE)--OPKO Health, Inc. (NYSE: OPK) today announced the pricing of its offering of $175.0 million aggregate amount of 3.00% convertible senior notes due 2033 (the “Notes”) in a private offering. OPKO expects that the sale of the Notes will close on January 30, 2013, subject to customary closing conditions. OPKO intends to use the net proceeds from this offering for general corporate purposes, including research and development expenses, acceleration of clinical trials, acquisitions of new technologies or businesses, and other business opportunities.

Read at BioSpace.com

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