Retrophin Raises $25M in Private Placement Financing

Retrophin, Inc.

today announced that it has entered into definitive agreements with a number of new and existing institutional investors in connection with a private placement, or… Retrophin, Inc.

today announced that it has entered into definitive agreements with a number of new and existing institutional investors in connection with a private placement, or PIPE, financing. Upon closing of the PIPE financing, Retrophin will receive gross proceeds of approximately $25 million resulting from the sale and issuance of approximately 5.6 million shares of Retrophin Common Stock and warrants to purchase an additional approximately 2.8 shares of Retrophin Common Stock at an exercise price of $6.00 per share. The financing, which is expected to close during the week of August 19, 2013, is subject to the satisfaction of certain customary closing conditions contained in the securities purchase agreement.