CEL-SCI Corporation

CEL-SCI Corporation Pays off Convertible Debenture

Published in Pharma Investments, Ventures and Law Weekly, March 25th, 2012

2012 MAR 25 -- CEL-SCI Corporation (NYSE Amex: CVM) announced that it has fully paid off its outstanding convertible debenture. The Company had been making monthly payments of approximately $1 million per month to repay a $9 million convertible debenture which CEL-SCI had issued in connection with the settlement of litigation. CEL-SCI has now eliminated the convertible debenture and any associated preferential rights.

"We are pleased that we have eliminated this substantial obligation and the associated potential dilution," said Geert Kersten, Chief Executive Officer of CEL-SCI. "Our money is now being allocated to the greatest benefit of our shareholders,...

Want to see the full article?

Purchase this article for only $3.00

We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.

Welcome to NewsRx!

Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures and Law Weekly

Source: Pharma Investments, Ventures and Law Weekly (2012-03-25)

More Articles from Pharma Investments, Ventures and Law Weekly

Chimerix, Inc.
Chimerix to Present at Cowen and Company's 32nd Annual Health Care Conference
Stroke
Canadian researchers identify a new way to image bleeding in arteries of the brain
Leukemia
Catholic University of Korea College of Medicine Publishes Research in Leukemia
American Society for Microbiology
Collaboration needed to facilitate rapid response to health-care-associated infections, survey says
More from this issue of Pharma Investments, Ventures and Law Weekly

NewsRx is Social

Top Medical Newsletters

Awards

Best Health/Healthcare Content, 2012
Best Health/Healthcare Content, 2011
Best e-Business Site, 2010
Best e-Business Site, 2009
Best e-Business Site, 2008
Best e-Business Site, 2007
Best e-Business Site, 2006
Best Healthcare Content, 2005
Best Overall Internet Site, 2005
Best Interactive Site, 2005

Facts & Stats

NewsRx also is available at LexisNexis, Gale, ProQuest, Factiva, Dialog, Thomson Reuters, NewsEdge, and Dow Jones.

Google 2010 PageRank: #2 Among Top Health News and Media Publications
Google 2010 PageRank: #2 Among Top Science Publications in Biology/Physiology
Google 2010 PageRank: #2 Among Top News and Media for the Business of Pharmaceuticals
Amazon's Alexa 2010 PageRank: #2 News and Media Site for the Pharmaceutical Industry

Search our medical news database