Corgentech

Corgentech secures $30 million committed equity financing facility

Published in Lab Business Week, July 23rd, 2006

Corgentech Inc. (CGTK) announced that it has received a commitment for up to $30 million in common stock equity financing from Azimuth Opportunity Ltd. to support Corgentech's corporate and clinical development activities.

Over the next two years, Corgentech may from time to time, at its discretion, sell registered shares of its common stock to Azimuth Opportunity at a small discount to the market price. Acqua Capital Management is an advisor to Azimuth Opportunity.

This flexible financing agreement provides access to additional resources to advance the company's product pipeline of pain therapeutics. Net proceeds will be used to provide working...

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Source: Lab Business Week (2006-07-23)

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