Xytronyx Inc. announced last week that has completed aprivate placement of units to a group of private investors,resulting in gross proceeds to the San Diego,. company of $1.28million.
Xytronyx (ASE:XYX) last raised money in July, when it garnered$1.74 million from a private placement.The company developsand commercializes products based on biotechnology research,primarily in the areas of medicine, dentistry and veterinarymedicine.
Xytronyx's stock gained 25 cents Friday, closing at $7.38 ashare.
(c) 1997 American Health Consultants. All rights reserved.