NovaBay raises $6m in private placement

NovaBay Pharmaceuticals (NYSE:NBY) has raised nearly $6 million after selling 1.7 million shares of common stock to OP Financial Investments Ltd., an institutional investor listed on the Hong Kong stock exchange. The Emeryville, Calif.-based company is developing non-antibiotic products for the topical anti-infective market. Its Avenova product is designed for the removal of microorganisms and debris on and around the eyelid. Get the full story at our sister site, Drug Delivery Business News. The post NovaBay raises $6m in private placement appeared first on MassDevice.
Source: Mass Device - Category: Medical Devices Authors: Tags: Funding Roundup Optical/Ophthalmic Pharmaceuticals Wall Street Beat novabay Source Type: news