Janney Montgomery to lead Viragen's strategy, financing plans

By Lisa Kerner

Erie, Pa., Jan. 19 - Viragen, Inc. said it entered into an investment banking agreement, appointing Janney Montgomery Scott LLC as its financial advisor.

Janney Montgomery will evaluate strategic alternatives, including obtaining additional financing and exploring potential merger and acquisition opportunities to enhance stockholder value, according to a company news release.

Viragen, based in Plantation, Fla., is a biotechnology company engaged in the development, manufacture, and commercialization of pharmaceutical proteins for the treatment of viral diseases and cancers.

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