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Vyteris, Inc.

Vyteris, Inc. Receives $2.5 Million Loan from Ferring Pharmaceuticals, Inc.

Published in Medical Letter on the CDC and FDA, August 10th, 2008

Vyteris, Inc. (OTC BB: VYTR), manufacturer of the first FDA-approved active patch transdermal drug delivery system, received $2.5 million principal amount of financing effective on July 9, 2008 from Ferring Pharmaceuticals, Inc. ("Ferring"), which represented an advance on a potential milestone payment for a Phase II clinical trial of a product for female fertility treatment.

The $2.5 million was advanced in the form of a loan and bears interest at the rate of 10 percent per annum. If Ferring elects to proceed with the Phase II trial, the principal amount of the loan will be paid off through application of the Phase II payment which would otherwise be due under the...

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