• Access Pharmaceuticals Inc., of Dallas, entered definitive agreements with institutional and other investors for the private placement of $5.2 million of units consisting of Access common stock and warrants. Each unit consists of one share of Access common stock at $1.45 per share, with 50 percent warrant coverage with an exercise price of $1.67 per share and a term of 30 months and 50 percent warrant coverage with an exercise price of $2 per share and a term of five years. The transaction is expected to close on or about Nov. 7.
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