Published on 2/21/2006 in the Prospect News Biotech Daily and Prospect News PIPE Daily.
New Issue: BioSphere Medical secures $14.5 million from private placement of shares
By Sheri Kasprzak
New York, Feb. 21 - BioSphere Medical, Inc. said it is gearing up to close a $14,525,000 private placement.
The company will sell 2,075,000 shares at $7.00 each to a group of institutional investors.
The offering is slated to close Feb. 22.
Based in Rockland, Mass., BioSphere is a medical device company focused on developing bio-engineered microspheres used to treat uterine fibroids, hypervascular tumors and vascular malformations.
| Issuer: | BioSphere Medical, Inc.
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| Issue: | Stock
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| Amount: | $14,525,000
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| Shares: | 2,075,000
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| Price: | $7.00
|
| Warrants: | No
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| Agreement date: | Feb. 17
|
| Settlement date: | Feb. 22
|
| Stock symbol: | Nasdaq: BSMD
|
| Stock price: | $7.63 at close Feb. 17
|
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