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Karo Bio Grosses $59.6M In Discounted Rights Offering

By Cormac Sheridan


Wednesday, May 16, 2007
With a deal for its preclinical treatment for tackling dyslipidemia, KB-5359, thought to be imminent, Karo Bio AB strengthened its hand in partnering negotiations by completing a discounted rights offering that grossed SEK406 million (US$59.6 million). The cash is intended to fund the company through 2009 and into 2010. (BioWorld International)

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