Access Pharmaceuticals, Inc.

Access Pharmaceuticals Announces $2.7 Million New Equity

Published in Health Business Week, February 15th, 2008

ACCESS PHARMACEUTICALS, INC. (BULLETIN BOARD: ACCP) announced that it has executed agreements for $2.7 million in new equity. The Company has entered into agreements with institutional and accredited investors to purchase an aggregate of $2.7 million in gross proceeds of the Company's Series A Convertible Preferred Stock. This equity is in addition to the $9.5 million in gross proceeds announced in November 2007.

"We are excited to complete this placement of the Company's Series A Convertible Preferred Stock," said Jeffrey B. Davis, Access' CEO. "The additional new capital will enable us to fund a number of key objectives including pursuing and expanding our clinical...

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Source: Health Business Week (2008-02-15)

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