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Penwest Funding: $32.8M For Two Lead Compounds

By Randall Osborne

Monday, December 13, 2004
With a protocol approved by the FDA and a trial under way with its lead product, delivery firm Penwest Pharmaceuticals Co. will net about $32.8 million through a private placement of about 3.1 million shares of common stock at $11.20 per share. (BioWorld Today)

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