Peregrine adds to coffers

Peregrine Pharmaceuticals has inked a definitive agreement to sell 8 million shares of common stock to an institutional investor for net proceeds of $6.7 million.

The funding will be used to advance Peregrine's three clinical trials, as well as support other preclinical studies, according to the Tustin, CA-based firm.

By AuntMinnie.com staff writers
June 24, 2005

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