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Med BioGene closes first tranche of financing

Executive Summary

Med BioGene (diagnostic and prognostic tests for cancer and cardiovascular disease) has closed the first tranche of a public offering. It sold 10.7mm units at $Cdn0.15 each, grossing $Cdn1.6mm ($1.5mm). Each unit consists of one common share and one-half of a share purchase warrant. Each whole warrant is exercisable into one common share at $Cdn0.20 for two years. PI Financial was the placement agent.
Deal Industry
  • In Vitro Diagnostics
  • Pharmaceuticals
  • In Vitro Diagnostics
    • Molecular Diagnostics & Genetic Testing
  • Biotechnology
    • Pharmacogenetics-Pharmacogenomics
    • Drug Discovery Tools
      • Genomics-Proteomics
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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