Connect with us

Hi, what are you looking for?

Jewish Business News


ADHD co Alcobra raises $25 million on Nasdaq

Alcobra held the IPO at $8 per share, raising $25 million, at a company value of $89 million, lower than the $10-12 per share it had hoped for.

/Tali Tsipori and Gali Weinreb, Globes/

Alcobra Pharmaceuticals Inc., which is developing a treatment for attention deficit hyperactivity disorder (ADHD) held its Nasdaq IPO last night (Israel time).

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Sources said that the company had obtained positive feedback during its road show. Just before the road show, the company expanded its prospectus from issuing 1.36 million share to 2.27 million shares.
Alcobra held the offering at $8 per share, raising a gross $25 million, with a midpoint of $25 million, at a midpoint company value of $113 million. It will be traded under the ticker “ADHD”.
The underwriter, Aegis Capital, has an over-allotment option to buy up to an additional 341, 250 shares, which if exercised in full, will boost the capital raised by $2.5-4.1 million. Sunrise Securities is the co-manager of the offering
Alcobra was founded in 2008. In September 2011, it completed a Phase II clinical trial on 120 patients in Israel. After the IPO, it plans to commence a Phase II/III trial, which it wants to conduct in the US, and which will be expensive; hence the need for the IPO.

Published by





You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.