Cytogen to raise $10 million

AuntMinnie.com staff writers

Jul 1, 2007

Biopharmaceutical firm Cytogen of Princeton, NJ, plans to raise $10.1 million in a private placement of stock to institutional investors.

Cytogen said it planned to sell 5.8 million shares of common stock at a price of $1.74 a share and 2.9 million warrants at an exercise price of $2.23 per share. Cytogen said it planned to use proceeds from the fundraising for various corporate activities, including the marketing of its Caphosol electrolyte solution for the treatment of oral mucositis and dry mouth. Cytogen launched the product in March 2007.

By AuntMinnie.com staff writers
July 2, 2007

Related Reading

Cytogen hires new executive, June 11, 2007

Cytogen sales grow, loss narrows, May 11, 2007

Advanced Magnetics, Cytogen settle suit, February 16, 2007

Cytogen begins phase III study for Quadramet, July 26, 2007

Advanced Magnetics to defend Cytogen suit, January 30, 2006

Copyright © 2007 AuntMinnie.com

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