* Xenova Group plc., of Slough, England, raised $4.85million in gross proceeds from a direct placement of 1.29million American Depository Shares at $3.75 per shareprimarily to existing stockholders.
* Zynaxis Inc., of Malvern, Pa., entered into an agreementwith Frankfurt, Germany-based Hoechst AG to evaluatethe former's Zyn-linker delivery systems for use with thelatter's oligonucleotide drugs, which are designed toaffect intracellular activities. Financial terms were notdisclosed.
(c) 1997 American Health Consultants. All rights reserved.