WARRINGTON, Pa., April 5, 2007 (PRIME NEWSWIRE) -- Discovery Laboratories, Inc. (Nasdaq:DSCO) has completed its previously announced registered direct offering of 14,050,000 shares of its common stock. The shares were issued and sold to a select group of institutional investors at a price of $2.15 per share resulting in gross proceeds of $30.2 million. Jefferies & Company, Inc. acted as lead placement agent and Lazard Capital Markets LLC served as co-placement agent for the transaction.
