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Cytos' $40.6M Financing Gives Asthma Drug Breathing Room

By Marie Powers
Staff Writer

Wednesday, March 28, 2012
Switzerland's Cytos Biotechnology Ltd. stepped away from the ledge of a financial precipice last week and rescued its lead immunodrug candidate CYT003-QbG10 by forging agreements with a syndicate of international investors to raise up to CHF37 million (US$40.6 million) in equity and debt.

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