MALVERN, Pa.--(BUSINESS WIRE)--Orthovita, Inc. (NASDAQ: VITA), a spine and orthopedic biosurgery company, today announced that it has priced a firm commitment underwritten offering of 7.7 million shares of its common stock at a price of $3.25 per share. The Company has also granted to the underwriters a 30-day option to purchase an additional 1.155 million shares of common stock, solely for the purpose of covering over-allotments, if any. The closing of the offering is expected to take place on November 22, 2006, subject to the satisfaction of customary closing conditions. All of the shares of common stock are being offered by the Company pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.
