SAN DIEGO--(BUSINESS WIRE)--Retrophin, Inc. (NASDAQ:RTRX), a biopharmaceutical company focused on the discovery and development of drugs for the treatment of catastrophic diseases that are debilitating and often life-threatening, and for which there are currently limited patient options, today announced that it is offering to sell 5,100,000 shares of its common stock in an underwritten public offering. In connection with this offering, Retrophin expects to grant the underwriters a 30-day option to purchase up to an aggregate of 765,000 additional shares of common stock. All of the shares are being offered by Retrophin. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. Retrophin anticipates using the net proceeds from the offering to fund its research and development efforts, acquisitions or investments in additional complementary businesses, products and technologies, and for general corporate purposes, including working capital.
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