Aksys, Ltd.

Aksys closes $5M investment by Durus

Published in Managed Care Business Week, May 2nd, 2006

Aksys, Ltd., (AKSY), a pioneer in innovative dialysis systems, announced that it has entered into definitive agreements with Durus Life Sciences Master Fund, Ltd., that provide the company with additional capital to support the company's ongoing operations and restructure the company's current relationship with Durus.

Key terms of the agreement are as follows:

1) On March 31, 2006 Durus invested $5.0 million in cash as part of a bridge financing to acquire senior secured notes of the company.

2) The agreements contemplate a subsequent closing in which Durus would exchange approximately $5.0 million of existing subordinated...

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Source: Managed Care Business Week (2006-05-02)

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