Total: $1,473.08M | ||||
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Company (Symbol)# | Type Of Financing | Number Of Shares, Units Or Warrants (M) | Amount Raised (M) | Investors; Placement Agents; Details (Date)@ |
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Access Pharmaceuticals Inc. (AMEX:AKC) |
Private placement of stock and warrants |
1.8S and 0.45W |
$9.7 |
Access sold the shares at $5.40 each, and the five- year warrants are exercisable at $7.10 per share; investors included SDS Merchant Fund, Baystar Capital and WPG Farber Funds; SCO Securities LLC was placement agent (2/24) |
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Advanced Viral Research Corp. (OTC BB:ADVR) |
Private placement of stock and warrants |
120S and 15W |
$12 |
Advanced Viral sold 120M shares to James Dicke II and James Dicke III, and warrants to purchase 15M shares at $0.20 per share; the investment will be made in four installments of $3M each, every three months; Dicke II is chairman and CEO of Crown Equipment Corp. and a former Advanced Viral director (2/4) |
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Alfacell Inc. (OTC BB:ACEL) |
Private placement of stock and warrants |
0.379S and 0.19W |
$1.5 |
Alfacell issued 379,170 shares of common stock at $3.96 per share and warrants to purchase an additional 189,585 shares at $4.75 per share; the investor was an undisclosed institution (2/2) |
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Antares Pharma Inc. (OTC BB:ANTR) |
Private placement of stock and warrants |
5.1S and 1.68W |
$5.1 |
Antares sold shares at $1 each and warrants to buy 1.68M additional shares at $1.25 each; the deal is an add-on to a financing earlier in February; SCO Securities LLC was placement agent (2/23) |
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Antares Pharma Inc. (OTC BB:ANTR) |
Private placement of stock and warrants |
9.55S and 3.15W |
$9.55 |
Antares sold shares at $1 each and warrants to buy 3.15M additional shares at $1.25 each; investors included Perceptive Life Sciences Fund and SDS Merchant Fund; SCO Securities LLC was placement agent (2/10) |
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Astralis Ltd. (OTC BB:ASTR) |
Private placement of units |
10.46U |
$5.23 |
Astralis raised the money in two closings of a financing round, in January and February; the units, sold at about $0.50 each, consisted of one share and one warrant to purchase a share at an undisclosed price (2/19) |
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Avant Immuno- |
Private placement of stock |
8.965S |
$24.65 |
The shares were sold at $2.75 each to undisclosed institutional investors under an existing shelf registration statement (2/13) |
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BioCryst Pharmaceuticals Inc. (BCRX) |
Registered direct offering |
3.57S |
$21.43 |
BioCryst sold the shares at $6 each to institutional investors; Leerink, Swann & Co. was placement agent (2/17) |
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Biotech Holdings Ltd. (Canada; TSE:BIO) |
Private placement of stock and warrants |
1.805S and 1.805W |
C$0.426 (US$0.319) |
Biotech Holdings raised about US$319,000 by selling shares at prices ranging from C$0.225 to C$0.25 each; the two-year warrants are exercisable at prices from C$0.225 to C$0.375 each; most of the money came from company insiders (2/4 and 2/27) |
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BioTime Inc. (AMEX:BTX) |
Subscription rights offering |
2.99U |
$4.18 |
Each unit consists of one common share and half a four-year warrant for the purchase of one share at $2; the total includes shares sold to guarantors of the offer (2/11) |
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Boston Biomedica Inc. (BBII) |
Credit facility |
N/A |
$2.5 |
The company entered a $2.5 million revolving credit and security agreement with CapitalSource Finance LLC (2/11) |
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Chiral Quest Inc. (OTC BB:CQST) |
Private placement of stock and warrants |
4.8S and 2.4W |
$7.2 |
Investors purchased the shares at $1.50 each, and for every two shares received a five-year warrant to purchase a share at $1.65; ThinkEquity Partners LLC, Paramount Capital Inc. and Casimir Capital LP were placement agents (2/26) |
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Connetics Corp. (CNCT) |
Private placement of stock |
3S |
$60.75 |
Connetics sold the shares at $20.25 each; the institutional investors participating in the deal were not disclosed (2/12) |
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Corautus Genetics Inc. (AMEX:CAQ) |
Private placement of stock and warrants |
0.252S and 0.050W |
$1 |
Corautus sold 251,950 shares at about $3.98 each; investors also got warrants for 50,390 shares exercisable at $6.7625 each (2/2) |
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CuraGen Corp. (CRGN) |
Sale of convertible subordinated notes |
N/A |
$100 |
The 4% notes are due in 2011 and are convertible into CuraGen shares at $9.69 per share; investors in the private placement have an option on another $20M in notes (2/10) |
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DUSA Pharmaceuticals Inc. (DUSA) |
Private placement of stock |
2.25S |
$24.75 |
DUSA is selling the shares at $11 each to new and existing institutional and other accredited investors, which have an option to purchase another 337,500 shares at that price (2/27) |
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Entropin Inc. (OTC BB:ETOP) |
Private placement of stock |
ND |
$3.85 |
InvestLinc Securities LLC acted as placement agent in the financing, details of which were not disclosed (2/18) |
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Epoch Biosciences Inc. (EBIO) |
Private placement of stock and warrants |
2.47S and 0.741W |
$6.18 |
Epoch sold the shares at $2.50 each, and the five-year warrants are exercisable at $3.89 per share; Reedland Capital Partners was placement agent (2/24) |
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Generex Biotechnology Corp. (GNBT) |
Private placement of stock and warrants |
1.113S and 0.278W |
$1.76 |
Generex sold the shares and warrants to five accredited institutional investors, which got rights to purchase the same number of units on the same terms (2/27) |
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Incyte Corp. (INCY) |
Convertible notes sale |
N/A |
$200M |
Incyte sold $200M of 3.5% convertible subordinated notes due 2011 in a private placement; the conversion price initially was set at $11.22 per share; the institutional investors have an option to buy another $50M of notes (2/12) |
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InterMune Inc. (ITMN) |
Private sale of convertible notes |
N/A |
$150 |
InterMune sold 0.25% convertible senior notes due 2011; the shares are convertible into stock at about $21.63 per share; purchasers have an option to buy another $20M in notes (2/11) |
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Invitrogen Corp. (IVGN) |
Private sale of convertible notes |
N/A |
$450 |
Invitrogen sold 1.5% senior convertible notes due 2024 to institutional buyers, which have an option to buy $67.5M more in notes; the notes are convertible at $102.03 per share (2/12). |
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Keryx Biopharmaceuticals Inc. (KERX) |
Private placement of stock |
3.2S |
$32 |
Keryx sold the shares at $10 each; the principal investors were Deerfield Partners, Maverick Capital and T. Rowe Price, which together invested $25M (2/13) |
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La Jolla Pharmaceutical Co. (LJPC) |
Underwritten offering |
8.696S |
$27.4 |
Pacific Growth Equities LLC is underwriting the offering, which is being made from a shelf registration statement; the shares will be sold at $3.15 each; Pacific Growth has an option to buy another 1.3M shares to cover overallotments (2/20) |
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MGI Pharma Inc. (MOGN) |
Private placement of convertible notes |
N/A |
$225 |
MGI sold senior subordinated convertible notes due 2024; they are convertible into common stock at $62.92 per share, a premium of about 30% at the time of the deal; the institutional buyers have an option topurchase another $35M in notes (2/26) |
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Micrologix Biotech Inc. (Canada; TSE:MBI) |
Firm- commitment underwritten deal |
5U |
C$5 (US$3.71) |
Canaccord Capital Corp. agreed to buy 5 million units at C$1 each, each consisting of one share and a two-year, one-half-share warrant; a full warrant entitles the holder to purchase one share at C$1.25; Canaccord has an option to purchase another 2.5M units on the same terms (2/19) |
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NeoRx Corp. (NERX) |
Private placement of stock and warrants |
1.845S and 0.923W |
$9.69 |
The shares were sold at $5.25 each, and the five-year warrants are exercisable at $7 per share; Reedland Capital Partners was placement agent (2/23) |
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Northfield Laboratories Inc. (NFLD) |
Registered direct offering |
0.237S |
$1.37 |
Investors in a registered direct offering exercised their option to purchase another 237,008 shares, bringing the offering's total to $16.4M; they have an option to purchase another 409,483 shares (2/19) |
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Pharming Group NV (the Netherlands; OTC BB:PHGUF) |
Warrants exercise |
2.385S |
€3.34 (US$4.19) |
Investors in a €25 financing in January exercised warrants for the purchase of another 2.385M shares at €1.40 each; investors got one-year warrants to purchase 15% more shares at €2 each (2/20) |
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Phytopharm plc (UK; LSE:PYM) |
Private placement of stock |
3.88S |
£6.5 (US$11.89) |
Phytopharm sold the shares at 167 pence each to institutional investors, at a discount of about 7%; Nomura International plc and Canaccord Capital (Europe) Ltd. were placement agents (2/25) |
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ReGen Therapeutics plc (UK; LSE:RGT) |
Private placement of stock |
18.18S |
£0.5 (US$0.93) |
ReGen placed 18.18M shares at 2.75 pence each with new and existing investors (2/12) |
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Scolr Inc. (AMEX:DDD) |
Private placement of stock and warrants |
3.207S and 0.802W |
$10.4 |
Scolr sold the shares at $3.25 each, and the five-year warrants are exercisable at $4.75 per share; Rodman & Renshaw Inc. was placement agent (2/24) |
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Senesco Technologies Inc. (AMEX:SNT) |
Private placement of units |
0.485U |
$1.15 |
Senesco sold the units consisting of one common share and a warrant to purchase half a share exercisable at $3.79 per full share; investors in a Feb. 3 financing got an additional warrant for 0.15 share to match the terms of the deal (2/13) |
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Senesco Technologies Inc. (AMEX:SNT) |
Private placement of units |
1U |
$2.5 |
Senesco sold 1M units consisting of one common share and a warrant to purchase 0.35 share exercisable at $3.79 per share; institutional and other accredited investors participated (2/3) |
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Tissera Inc. (Israel; OTC BB: TSSR) |
Private equity placement |
ND |
$1.6 |
Details on the deal with private and institutional investors were not disclosed (2/20) |
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Valentis Inc. (VLTS) |
Private placement of stock and warrants |
1.7S and 0.7W |
$3.5 |
Valentis sold the remaining shares from a private placement, the first $6.5M of which was disclosed in December; among the investors was Perseus-Soros Biopharmaceutical Fund LP (2/4) |
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Vion Pharmaceuticals Inc. (VION) |
Private placement of stock and warrants |
13.55S and 3.39W |
$35.2 |
The shares were sold at $2.60 each and the warrants are exercisable at $3.25 per share; Rodman & Renshaw, the lead placement agent, also got 300,000 warrants exercisable at $3.25 (2/10) |
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V.I. Technologies Inc. (VITX) |
Private placement of stock and warrants |
0.82S |
$0.9 |
The company added to a January financing, which now totals $10.9M; in total it sold 11.1M shares; terms of the warrants and options involved in this part of the deal were not disclosed (2/11) |
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Notes: | ||||
This chart does not include real estate or manufacturing plant financings. | ||||
# Unless otherwise indicated, shares are traded on the Nasdaq exchange. | ||||
@ Dates refer to the date of the press release. | ||||
N/A = Not available, applicable or reported. | ||||
AMEX = American Stock Exchange; LSE = London Stock Exchange; OTC BB = Over-the-Counter Bulletin Board; TSE = Toronto Stock Exchange. | ||||
