Alimera to sell $37.5 million of common stock in private placement

Alimera Sciences has entered into a securities purchase agreement with non-affiliated institutional investors to purchase approximately $37.5 million of its common stock in a private placement, according to a company press release. An aggregate of 6,250,000 shares of common stock will be sold for $6.00 per share, the release said. Proceeds will be put toward general corporate and working capital purposes, including the continued commercialization of Iluvien in Europe and ongoing pursuit of Food and Drug Administration approval of Iluvien in the U.S., according to the release.

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