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BioMS Medical Corp.

BioMS Medical completes $15 million private placement

Published in Pharma Investments, Ventures and Law Weekly, July 9th, 2006

BioMS Medical Corp. (MS), a developer in the treatment of multiple sclerosis (MS), announced it has successfully completed the private placement of 4,406,800 million units at a price of $3.41 per unit for gross proceeds of $15,027,188.

Each unit consists of one common share of the company and one-half of one common share purchase warrant with each whole warrant entitling the holder to purchase one common share at an exercise price of $4.00 per share for a period of 4 years.

Banc of America Securities LLC acted as lead placement agent and Versant Partners, Inc., and Rodman & Renshaw, LLC acted as co-placement agents.

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