ALAMEDA, Calif., April 26, 2007 (PRIME NEWSWIRE) -- Avigen, Inc. (Nasdaq:AVGN) today announced the pricing of an underwritten public offering of 3,974,000 shares of newly issued common stock at a price to the public of $6.94 per share. The offering was made in connection with the company's existing shelf registration statement and will result in net proceeds to the company of approximately $25.9 million, after payment of underwriting discounts and commissions, but excluding estimated offering expenses. Avigen has granted the underwriters an option to purchase up to an aggregate of 596,000 additional shares of common stock to cover over-allotments, if any.
