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Spring Bank Pharma prices IPO at $12, the low end of the range

May 6, 2016
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Spring Bank Pharmaceuticals, which is developing small molecule therapies for hepatitis B and viral diseases, raised $11 million by offering 0.9 million shares at $12, the low end of the range of $12 to $14. Spring Bank Pharmaceuticals plans to list on the Nasdaq under the symbol SBPH. Dawson James acted as a lead manager on the deal.