February 3, 2010 (FinancialWire) — Sinovac Biotech Ltd. (NASDAQ: SVA), a China-based vaccine manufacturer, said that it closed a public common share offering on February 2, receiving net proceeds of around $62.0 million.

The total included net proceeds from the sale of 1,500,000 common shares pursuant to the full exercise of the underwriters’ over-allotment option.

UBS Securities (NYSE: UBS) and Piper Jaffray (NYSE: PJC) served as joint bookrunners for the offering.

Beijing-based Sinovac Biotech focuses on the research, development, manufacture and commercialization of vaccines that protect against infectious diseases.

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