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.

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