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NEW YORK, July 26, 2013 (GLOBE NEWSWIRE) -- TG Therapeutics, Inc. (Nasdaq:TGTX), an innovative, clinical-stage biopharmaceutical company focused on the acquisition, development and commercialization of medically important pharmaceutical products for the treatment of cancer and other underserved therapeutic needs, today announced that the underwriters have exercised in full their option to purchase an additional 855,000 shares of common stock. The option to purchase additional shares is being exercised in connection with TG Therapeutics’ previously announced public offering of 5,700,000 shares of its common stock at a price of $6.15 per share. As a result of the exercise, the total gross proceeds to TG Therapeutics from the offering are expected to be approximately $40.3 million, before deducting the underwriting discount and estimated offering expenses payable by the company. The closing of the purchase of the additional shares is expected to occur on or about July 26, 2013.
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