Xenova "Substantially Improved" in 1995
UK pharmaceutical group Xenova said that it substantially improved its financial position in 1995, streamlining its development programs to save up to $6.4 million through the end of 1997. The firm raised $8.85 million gross in a placement of new shares; received two grants from NCI and the UK Department of Trade and Industry respectively; and completed an agreement with Suntory to extend its drug discovery collaboration.
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