Hemispherx may raise $75 million through at-the-market stock offering

Maxim assists in funding commercialization of Alferon and Ampligen

By Devika Patel

Knoxville, Tenn., March 6 – Hemispherx Biopharma, Inc. negotiated a $75 million at-the-market offering of its common stock with agent Maxim Group LLC, according to a prospectus supplement filed Friday with the Securities and Exchange Commission.

Maxim will be paid a 3% commission.

Proceeds will be used for the commercialization of Alferon and Ampligen, research and development, along with general corporate purposes.

Philadelphia-based Hemispherx develops drugs to treat debilitating disorders, like viral diseases and immune-system disorders.

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