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Published on 2/3/2006 in the Prospect News Biotech Daily and Prospect News Convertibles Daily.

Metabasis Therapeutics files $75 million shelf

By Ted A. Knutson

Washington, Feb. 3 - Metabasis Therapeutics, Inc. filed for a $75 million common stock and warrants shelf in an S-3 filing with the Securities and Exchange Commission.

Securities may be issued in the form of convertibles.

The La Jolla, Calif.-based biotechnology company said proceeds from offerings would be used for general corporate purposes.


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