Picchio Pharma exercises Neurochem warrant
Canadian Pharmaceutical company Neurochem says that a subsidiary of Picchio Pharma has exercised a warrant, issued under a February 2003 private placement (Marketletters passim), generating proceeds to Neurochem of approximately C$9.4 million ($8.1 million). In return Picchio will receive 1.2 million shares, representing a 28.6% stake in the Quebec-headquartered firm.
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