Ebb & Flow

Although November is only half over, more money has been raised in follow-ons this month than in the previous three months combined: $512.4 million compared with $216.8 million from August through October.

OSIP did the bulk of the work, raising $387 million last week in a bumped-up deal through the sale of 6 million shares at $64.50. The cancer company last month proposed to sell 5.5 million shares when its stock price was $66.64. The stock was off $1.19 to $65.31 for the week...