Texas Biotechnology raises $21.7 million
Texas Biotechnology, which is based in Houston, USA, says that it hasreceived approximately $21.7 million from the exercise of nearly 2.6 million of its common stock warrants, priced at $8.44 each. As a result of the exercise of the warrants, Texas now has around $110 million in cash and equivalents and 43.6 million common shares outstanding.
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