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Hemispherx Biopharma nets $14.2mm with private sale of shares
16 Jun 2009
Executive Summary
Hemispherx Biopharma (developing infectious disease, cancer, and immunology drug candidates) has netted $14.2mm through the sale of 13.6mm shares at $1.10 each (a 53% premium) to two institutional investors. The backers also received Series A warrants to buy another 6.1mm common shares; the Series I five-year warrants enable the holder to purchase shares for $1.65 each and the Series II warrants are exercisable for 3mm shares within 45 days at $1.10. Rodman & Renshaw was the placement agent.
Deal Industry
- Pharmaceuticals
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Pharmaceuticals
- Vaccines
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Drug Delivery
- Macromolecule
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Biotechnology
- Large Molecule
Deal Status
- Final
Deal Type
-
Financing
- Private Investment in Public Equity
- Private Placement
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Hemispherx Biopharma nets $14.2mm with private sale of shares
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