Isonics raises $2.2 million to expand radioisotope line

AuntMinnie.com staff writers
Jan 28, 2004

Radioisotope developer Isonics of Golden, CO, reported that it has closed a $2.2 million private placement of convertible preferred stock to Mercator Advisory Group.

The proceeds of the private placement are intended to fund expansion of its radioisotope product line, as well as to repay some accrued liabilities and for general corporate purposes, the company said. The firm currently markets and sells stable isotopes such as Oxygen-18 for PET imaging.

By AuntMinnie.com staff writers
January 29, 2004

Copyright © 2004 AuntMinnie.com

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