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EntreMed Sweetens Private Placement with China Rights to Cancer Drug

publication date: Sep 10, 2010
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EntreMed raised $5.1 million in a private placement that featured an unusual sweetener for the investors: a 16-month option on the China marketing rights to EntreMed’s lead drug candidate. The funding placed 1,886,662 units at a price of $2.70 (EntreMed closed at $3.00), each unit consisting of 1 share of stock and a three-year warrant for .2 share – the upshot being that outside of the marketing option, the transaction was structured as a normal private placement.  More details....

Stock Symbol: (NSDQ: ENMD)

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