BioDelivery Sciences International, Inc.

Biotech firm announces final equity line of credit agreement

Published in Managed Care Business Week, October 12th, 2004

BioDelivery Sciences International, Inc., (BDSI, BDSIW) announced that on September 3, 2004, the company entered into a final Equity Line of Credit Agreement with Hopkins Capital Group II, LLC (HCG), an affiliated entity of the company that is controlled and partially-owned by Francis E. O'Donnell, Jr., the company's chairman, president and CEO.

The Equity Line Agreement further memorializes that certain Binding Letter of Intent and Termination Agreement, dated August 23, 2004, between the company and HCG.

Pursuant to the Equity Line Agreement, HCG will, as requested by the company, invest up to $4,000,000 in the company from August 23, 2004, through...

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Source: Managed Care Business Week (2004-10-12)

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