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Biotech / Medical : Vion (formerly Oncorx) interesting play on Gene Therapy

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To: Jim Oravetz who wrote (238)4/4/2001 12:47:57 PM
From: Jim Oravetz  Read Replies (1) of 370
 
Vion Pharma Files 5M-Shr Shelf Registration
Dow Jones Newswires

WASHINGTON -- Vion Pharmaceuticals Inc. (VION) filed a registration with the Securities and Exchange Commission Tuesday to offer 5 million shares of common stock.

According to the document, the biopharmaceutical company will use the proceeds, estimated at $21.6 million, for working capital and general corporate purposes, including for potential acquisitions of additional technologies and compounds.

In a press release Tuesday, Vion said it has no current arrangements to sell the shares.
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