Medarex Files $500M Shelf Registration.(Medarex Inc.)(Brief Article)

Medarex Inc. filed a shelf registration statement with the SEC to offer up to $500 million in any combination of its common stock, preferred stock, warrants and debt securities. It said in its prospectus in would use proceeds for general corporate purposes, which may include repaying debts, making additions to its working capital or funding future acquisitions. As of Sept. 30, Medarex had about $386 million in current assets, principally cash, cash equivalents and marketable securities. Medarex, of Princeton, N.J. develops …