PREMARKET ALERT: Vical Inc. (VICL)

Posted in General 
July 28th, 2009

Vical Inc. (Nasdaq: VICL) shares are up 11 percent to $4.05 as one of the 10 most active premarket Nasdaq stocks as of 8:15 a.m., with more than 53,000 shares traded.  The company received a $10 million investment from Federated Kaufmann Funds in a direct offering. Vical will sell about 2.8 million shares at $3.63 per share, with no warrants or commissions. Proceeds will be used to fund ongoing programs — Mike Tarsala

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