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LPCN - Lipocine under pressure on launching underwritten public offering
Lipocine Inc.
Lipocine (LPCN) slumped 11.8% in after hours trade after planning to offer shares for sale in an underwritten public offering; underwriters granted 30-day option to purchase up to an additional 15% of the shares.Offer size, terms have not yet been disclosed.Proceeds to be used for general corporate purposes.