Cel-Sci raises $3.5m for head and neck cancer immunotherapy

Cel-Sci (NYSE:CVM) said today that it inked an agreement with institutional investors for a $3.5 million registered direct offering. The company said it plans to offer 1.75 million shares of common stock at $2.00 apiece. In a private placement, Cel-Sci will issue warrants to buy up to 1.75 million shares of common stock. For each share of stock purchased in the registered direct offering, investors in the private placement will receive an unregistered warrant to buy one share of common stock, which have an exercise price of $2.30 apiece. Get the full story at our sister site, Drug Delivery Business News.   The post Cel-Sci raises $3.5m for head and neck cancer immunotherapy appeared first on MassDevice.
Source: Mass Device - Category: Medical Devices Authors: Tags: Clinical Trials Funding Roundup Oncology Pharmaceuticals Wall Street Beat cel-sci Source Type: news