WARRINGTON, Pa., Feb. 22, 2011 (GLOBE NEWSWIRE) -- Discovery Laboratories, Inc. (Nasdaq:DSCO) today announced that it has completed its previously announced public offering to sell an aggregate of 10,000,000 shares of its common stock and warrants to purchase 10,000,000 shares of its common stock under Discovery Labs' previously filed registration statement that was declared effective by the Securities and Exchange Commission on June 18, 2008. Each share was issued and sold as a unit, together with a five-year warrant to purchase 0.50 of a share of common stock and a fifteen-month warrant to purchase 0.50 of a share of common stock, at a public offering price of $2.35 per unit. The shares and warrants were immediately separable such that no units were issued.
