Onconova Prices 5.166M Share IPO at $15.00/Share

NEWTOWN, Pa.--(BUSINESS WIRE)-- Onconova Therapeutics, Inc., today announced the pricing of its initial public offering of 5,166,667 shares of its common stock at a public offering price of $15.00 per share, before underwriting discounts. All of the shares of common stock are being offered by Onconova. In addition, Onconova has granted the underwriters a 30-day option to purchase up to an additional 775,000 shares of common stock at the same price to cover over-allotments, if any. The shares are expected to begin trading on The NASDAQ Global Market on July 25, 2013 under the ticker symbol "ONTX." The offering is expected to close on July 30, 2013, subject to customary closing conditions. Citigroup See full press release