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Moleculin Announces Pricing of $9 Million Registered Direct Offering
Feb. 16, 2018 09:00AM PST
Pharmaceutical InvestingMoleculin Biotech (NASDAQ: MBRX) a clinical stage pharmaceutical company focused on the development of anti-cancer drug candidates, some of which are based on license agreements with The University of Texas System on behalf of the MD Anderson Cancer Center, announced that it has entered into a definitive agreement with institutional investors for a registered direct offering …
Moleculin Biotech (NASDAQ: MBRX) a clinical stage pharmaceutical company focused on the development of anti-cancer drug candidates, some of which are based on license agreements with The University of Texas System on behalf of the MD Anderson Cancer Center, announced that it has entered into a definitive agreement with institutional investors for a registered direct offering of securities with gross proceeds of approximately $9 million.
As quoted in the press release:
Roth Capital Partners served as sole placement agent for the offering. National Securities Corporation served as financial advisor to the Company.
The Company intends to use the net proceeds of this offering for its planned clinical trials, preclinical programs, for other research and development activities and for general corporate purposes.
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