PROTALIX BIOTHERAPEUTICS, INC. (PLX): Protalix files for $200 mln shelf offeri...

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PROTALIX BIOTHERAPEUTICS, INC. (PLX)

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Tuesday, 07/24/2007 11:45:02 AM

Tuesday, July 24, 2007 11:45:02 AM

Protalix files for $200 mln shelf offering

Tue Jul 24, 2007 10:54AM EDT

July 24 (Reuters) - Protalix BioTherapeutics Inc. (PLX.A: Quote, Profile, Research) said on Tuesday that the company or some shareholders may periodically sell up to $200 million in its shares.

The company intends to use the proceeds for research and development expenses, clinical trials, establishing an internal sales force, general corporate and administrative purposes and construction and furnishing of a new manufacturing facility, it said in a shelf registration filing with the U.S. Securities and Exchange Commission.

http://www.reuters.com/article/marketsNews/idUKWNAS725120070724?rpc=44

The stock is down some 15% to $17 as I type.

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