TearLab sells $40.4 million in common stock

TearLab sold 2.99 million shares of common stock at $13.50 in a public offering ended July 30, according to a news release.Total gross sales amounted to approximately $40.4 million, of which TearLab will collect approximately $37.5 million in net proceeds after deducting underwriter discounts and other offering expenses, the release said.

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