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Biotech / Medical : CYTO

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To: Jim Oravetz who wrote (7559)8/5/1999 1:42:00 PM
From: Jim Oravetz  Read Replies (1) of 8116
 
DJ Cytogen Sells $5M In Stock To Wisc. Investment Bd

PRINCETON, N.J. (Dow Jones)--Cytogen Corp. (CYTO) completed a $5 million registered offering of common shares to the State of Wisconsin Investment Board.
In a press release Thursday, Cytogen said it sold 3.1 million shares at $1.61 a share.
The price represented a 7.25% discount to the average price of the shares over an agreed five-day pricing period.
Cytogen plans to use proceeds for general corporate purposes.
The company's cash position doubles as a result of the offering to $10 million.
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