Published in Healthcare Mergers, Acquisitions and Ventures Week, March 27th, 2004
"This past quarter proved to be of great significance for our company," said William Peters, MD, PhD, MBA, CEO, and vice chairman of Adherex. "We successfully raised $23.5 million in new financings and converted a $3 million bridge loan to equity, allowing us to begin 2004 with the resources necessary to move our drug development programs forward aggressively."
The company attracted a number of prominent new investors as part of its $21.5 million private placement that it completed in December. The lead investor...
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