Biopharmaceuticals

Helix BioPharma Closes Private Placement

Published in Drug Law Weekly, September 22nd, 2009

Helix BioPharma Corp. (TSX, FSE: "HBP"; OTCQX: "HXBPF") announced that it has closed its previously announced private placement of 6,625,000 units at $2.05 per unit.

Each unit consists of one common share and one common share purchase warrant, with each common share purchase warrant entitling the holder to purchase, subject to adjustment, one common share of the Company at a price of $2.87 for up to three years after the closing date of the private placement. Net proceeds after expenses are expected to be approximately $11.7 million and will be used for working capital, primarily to support the Company's expanding clinical trial initiatives.

The...

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Source: Drug Law Weekly (2009-09-22)

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