Premarket Alert: Spectrum Pharmaceuticals (SPPI)

Posted in General 
July 1st, 2009

Spectrum Pharmaceuticals Inc. (Nasdaq: SPPI) Inc. shares are down roughly 8 percent on nearly 60,000 shares traded as of 8:15 a.m. Eastern. The company announced early this morning that it will raise $21 million from institutional investors at $7.15 a share. The stock had been trading near $7.65 a share. — Mike Tarsala

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