Merriman Capital Acted as Co-Manager in Avanir Pharmaceuticals, Inc.'s Follow-on Offering

Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc.

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, acted as co-manager in Avanir Pharmaceuticals, Inc.'s

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$88 million follow-on offering of common stock at $4.40 per share. The transaction closed yesterday.

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