TOTAL: $1,283.1M |
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Company | 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 | 1.18S | $1.1 | Aastrom placed 1.18M shares with Isosceles Fund Ltd., raising $1.1M as part of its shelf registration(5/4) |
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Adolor Corp. (ADLR) | Private placement of newly issued stock | 3S | $60 | Adolor raised $60M, selling 3M shares to institutional investors (5/30) |
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AltaRex Corp. (Canada; TSE:AXO; OTC BB:ALXFF) | Private placement of special warrants | N/A | C$8.4 (US$5.4) | AltaRex expects to raise US$5.4M; HSBC Securities Inc. is acting as agent; each special warrant is convertible into one common share of AltaRex (5/25) |
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Amylin Pharmaceuticals Inc. (AMLN) | Private placement of common stock | 3.5S | $35 | Amylin raised $35M in a private placement; Lehman Brothers acted as the sole placement agent (5/14) |
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Bioject Medical Technologies Inc. (BJCT) | Equity financing | 1.5S (plus warrants to purchase 0.225S) | $15 | Bioject raised $15M in an equity financing round; investors included Merlin Biomed Group, Pequot Capital Management and Franklin Templeton Investments; Leerink, Swann & Co. acted as lead placement agent (5/24) |
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BioMarin Pharmaceutical Inc. (BMRN) | Private placement of common stock and warrants | 4.8S (plus warrants to purchase 0.7S) | $45 | BioMarin raised $45M in a 4.8M-share offering at $9.45 per share; warrants to purchase about 700,000 shares at $13.10 apiece also were issued; OrbiMed Advisors LLC led the round; other investors were Franklin Resources Inc., equity4life, MPM BioEquities Fund and Orbitex Management Inc. (5/17) |
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Cephalon Inc. (CEPH) | Private placement of convertible subordinated notes | N/A | $300 | Cephalon raised $300M through a private placement of convertible subordinated notes due 2006; the offering was made through initial purchasers to institutional buyers (5/2) |
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Cerus Corp. (CERS) | Private placement of common stock | 1.5S | $78 | Cerus raised $78M through a placement of 1M shares at $52 each with an institutional investor and the sale of 500,000 shares at the same price to Baxter Healthcare Corp.; Morgan Stanley Dean Witter served as placement agent (5/17) |
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Genzyme Corp. (unit of Genzyme General; GENZ) | Private placement of convertible subordinated notes | N/A | $500 | Genzyme plans to sell $500M worth of convertible subordinated notes (5/2) |
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Lynx Therapeutics Inc. (LYNX) | Private placement of newly issued shares | 1.7S | $11.1 | Lynx raised $11.1M through the placement of 1.7M shares at $6.37 per share; the funding was self-managed; the round was led by HBK MasterFund LP (5/25) | ||||||||
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Medicure Inc. (Canada; CDNX:MPH) | Private placement of units | 2.6U | C$2.6 (US$1.7) | Medicure closed the placement with Crocus Investment Fund, Manitoba Science and Technology Fund and Renaissance Capital Manitoba Ventures Fund Limited Partnership (5/31) |
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MGI Pharma Inc. (MOGN) | Private placement of common stock | 4S | $29.2 | MGI sold 4M shares of its common stock to U.S. Bancorp Piper Jaffray Inc. for about $29.2M; this leaves MGI with 1M shares on the shelf (5/9) | ||||||||
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NeoTherapeutics Inc. (NEOT) | Private placement of common stock | 1.4S | $6 | NeoTherapeutics raised $6M in the 1.4M-share placement at $4.25 each; the shares were placed with Montrose Investments Ltd. and Strong River Investments Inc. (5/21) |
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Organogenesis Inc. (AMEX:ORG) | Private placement of common stock | 1.9S | $15.4 | Organogenesis agreed to sell, from time to time, 1.9M shares to UBS Warburg (5/9) |
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Phage Therapeutics International Inc. (OTC BB:PTXX) | Equity financing | 2.14U | $1.5 | Phage raised $1.5M through an investment of seven buyers in exchange for 2.14M units (5/30) |
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StemCells Inc. (STEM) | Equity financing for 30 months | N/A | | StemCells entered an agreement with an institutional researcher for up to $30M in equity financing over 30 months (5/11) |
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SYN X Pharma Inc. (Canada; CDNX:SYY) | Private placement of special warrants | 2.14W | $15 | SYN X entered into a financing agreement with a syndicate of underwriters led by Sprott Securities Inc. to sell 2.14M special warrants; the company also granted an overallotment option for another 714,286 warrants for a possible $5M more (5/1) |
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The Medicines Company Inc. (MDCO) |
Private placement of common stock | 4S | $41.8 | The Medicines Company expects to net $41.8M in a private placement; Robertson Stephens Inc. is the lead placement agent (5/14) |
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Transgene (France; TRGNY) | Private placement of common stock | 4.21S | EUR61.4 (US$54) | Transgene raised net proceeds of US$54M; the shares were acquired by bioMerieux Pierre Fabre and the French Muscular Dystrophy Association (5/25) |
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Trimeris Inc. (TRMS) | Private placement of common stock | 1.4S | $44 | Trimeris raised $43.4M net in a private placement (5/8) |
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VaxGen Inc. (VXGN) | Private placement of convertible preferred stock | 0.02S | $20 | VaxGen raised $20M through the placement of 20,000 Series A convertible preferred shares convertible into common stock at $23.33 per share; the financing was led by The Palladin Group LP; other investors were Halifax Fund LP, Societe Generale Asset Management and Velocity Investment Partners Inc. (5/24) |
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Viventia Biotech Inc. (Canada; TSE:VBI) | Equity financing agreement | N/A | C$6 (US$3.9) | Viventia is receiving funding from Dan Family Holdings Ltd. through two investment options: units consisting of one common share and one common share purchase warrant or a convertible debenture investments (5/17) |
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Notes: |
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# Unless otherwise indicated, shares are traded on the Nasdaq exchange. |
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@ Dates refer to the date of the press release. |
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N/A = Not available or reported. |
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AMEX = American Stock Exchange; CDNX = Canadian Venture Exchange; OTC BB = Over the Counter Bulletin Board; TSE = Toronto Stock Exchange |
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