Vericel Prices $65MM Public Offering of Stock

Vericel (VCEL), developer of MACI autologous cultured chondrocyte product for cartilage repair, priced its underwritten public offering of 5MM shares of common stock at $13/share. The offering is slated to close by June 5.

Gross proceeds are expected to be $65MM before deducting expenses. The company granted underwriters 30 days to purchase up...

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Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.

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