Cytogen raises $8 million

Pharmaceutical company Cytogen has closed an agreement to sell approximately three million shares of registered common stock for gross proceeds of $8 million. The Princeton, NJ-based vendor's largest shareholder, the State of Wisconsin Investment Board, purchased the shares. The proceeds will be used primarily for general corporate purposes, such as working capital and capital expenditures, according to Cytogen.

By AuntMinnie.com staff writers
January 23, 2002

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