In Vivo is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Procyon BioPharma

This article was originally published in The Gray Sheet

Executive Summary

Escrowed funds of $15.3 mil. are released to the Montreal-based diagnostic and biopharmaceutical developer following a review of the final prospectus by Canadian regulatory authorities, the company announces. The action had been taken following the April 11 completion of a $20.4 mil. offering consisting of 7.8 mil. shares of common stock and 3.9 mil. purchase warrants. Proceeds will go toward the development of Procyon's core technologies and the acquisition of new technologies. Current R&D initiatives include evaluation of the ColoPath non-invasive screening test for colorectal cancer

You may also be interested in...



Spin-Out A Neat Solution For Sanofi’s Manufacturing Millstone

Stada Grabs GSK Brands In Key EU Markets

Stada says it has become a "major consumer healthcare player" after signing a deal to acquire from GSK 15 brands, which generate annual sales in excess of €100m.

Brazil Levels Medtech ICT Tariffs Playing Field

All medtech in Brazil will soon be subject to standardized industrial tariffs and development-related fiscal incentives, following a reform of rules relating to ICT across all industries.

UsernamePublicRestriction

Register

MT013705

Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel