United Completes $80m Private Placement

BT Catalyst,  Jan, 2000  

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United Therapeutics Corp. (Nasdaq: UTHR) of Research Triangle Park and Silver Spring, Md., recently raised $80 million from the sale of 2.5 million shares of common stock to institutional investors.

Prudential Vector Healthcare Group, a unit of Prudential Securities Inc. of New York City, served as placement agent.

United, which is developing pharmaceuticals for pulmonary hypertension, peripheral vascular disease and other chronic conditions, will use the proceeds of the common stock sale for sales, marketing, manufacturing and business development expenses, including possible acquisitions.

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