Total: $745.37M

Company
(Symbol)#

Type Of
Financing

Number Of Shares, Units Or Warrants
(M)

Amount
Raised
(M)

Investors; Placement Agents; Details
(Date)@


Aastrom
Biosciences
Inc.
(ASTM)

Private
placement of
common stock

1.05S

$1.5

Aastrom placed 689,655 shares with Radyr Group Investments, raising $1M, and another 364,407 shares with Rochelle SA, raising $500,000 (7/31)

Bioniche Life
Sciences Inc.
(Canada; TSE:BNC)

Private
placement
of warrants

N/A

C$4 (US$2.63)

Bioniche finished the second tranche of its C$10M (US$6.6M) financing, raising US$2.63M (7/5)

COR
Therapeutics
Inc.
(CORR)

Private
placement of
convertible
senior notes

N/A

$50

COR sold an additional $50M principal amount of 4.5% convertible senior notes, due 2006, to cover overallotments in its $250M private placement to institutional investors (7/11)

Esperion
Therapeutics
Inc.
(ESPR)

Private
placement of
common stock

3.2S

$24

Esperion agreed to sell $24M of stock privately; Robertson Stephens Inc. acted as placement agent, and U.S. Bancorp Piper Jaffray served as financial adviser (7/26)

Generex
Biotechnology
Corp.
(Canada;
GNBT)

Private
placement of
common stock
and warrants

N/A

US$11

Generex closed two separate private placements, raising US$11M; the placement consisted of the sale of common stock to accredited investors, who also received a three-year warrant for each share purchased (7/9)

Genset SA
(France;
GENXY)

Equity
financing
agreement

N/A

¿

Genset entered an agreement under which SG Cowen will purchase up to EUR50M (US$43.8M) of Genset stock over two years (7/24)

ICN
Pharma-
ceuticals Inc.
(NYSE:ICN)

Private
placement
of convertible subordinated notes

N/A

$525

ICN raised $525M through the placement of 6.5% convertible subordinated notes, due 2008; the notes are convertible into common shares at about $34.25 per share (7/18)

Isotechnika
Inc.
(Canada;
TSE:ISA)

Private
placement
of warrants

5.7W

C$25.08 (US$16.24)

Isotechnika raised US$16.24M in an offering of 5.7M warrants to a syndicate of investment dealers led by TD Securities Inc. (7/20)

LifeCell
Corp.
(LIFC)

Private
placement of
common stock

3.125S and 1.75W

$6

LifeCell entered into purchase agreements with selected accredited institutional investors for the private placement of up to 2.135M shares and warrants to purchase 1.75M shares (7/2)

MacroChem
Corp.
(MCHM)

Private
placement of
common stock

1.56S

$10.1

MacroChem raised $10.1M in a private placement to institutional investors, selling about 1.56M shares at $6.48 each; investors also received five-year warrants to buy 313,209 shares at $8.995 per share (7/16)

Matritech Inc.
(NMPS)

Private
placement of
common stock

0.33S

$1

Matritech sold 331,532 shares to Acqua Wellington North American Equities Fund Ltd., raising $1M (7/6)

Microcide
Pharma-
ceuticals
Inc. (MCDE) and
The Althexis
Company Inc.*
(new unnamed
firm created by
the merger of the two companies)

Private
placement
of redeemable
preferred stock

ND

$60

The new firm raised $60M in private equity funding; Prospect Venture Partners LP, New Enterprise Associates and Schroder Ventures conducted the transaction (7/30)

Penwest
Pharma-
ceutical
Co.
(PPCO)

Private
placement of
common stock

2.4S

$30

Penwest sold 2.4M shares of common stock to institutional and other accredited investors for $30M (7/10)

Protein
Polymer
Technologies
Inc.
(OTC BB:
PPTI)

Private
placement of
convertible
preferred stock
and warrants

N/A

$1.2

Protein Polymer raised about $1.2M in the placement; investors include Johson & Johnson Development Corp. and previous shareholders (7/25)

ViroLogic
Inc.
(VLGC)

Private
placement of
preferred stock
and warrants

3.2W

$6.7

ViroLogic closed the first segment of a $16.3M private placement, pulling in about $6.7M; the company issued 6% convertible preferred stock, and purchasers also will receive warrants to purchase 3.2M shares (7/3)


Notes:

# Unless otherwise indicated, shares are traded on the Nasdaq exchange.

@ Dates refer to the date of the press release.

N/A = Not available or reported.

NYSE = New York Stock Exchange; OTC BB = Over the Counter Bulletin Board; TSE = Toronto Stock Exchange

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