Isolagen raises $13.8M through share offer
US firm Isolagen, which develops products for both esthetic and therapeutic uses, says it has completed a registered direct offering of approximately 6.76 million shares of common stock at a price of $2.04 each. The offer, which attracted unnamed institutional investors, yielded gross proceeds of $13.8 million.
The firm said that it plans to use the funds for general corporate purposes including product development, sales and marketing.
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