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Biotech / Medical : Clinuvel Pharmaceuticals Ltd
CLVLY 8.7500.0%Dec 26 9:30 AM EST

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To: caly who wrote (13)4/26/2007 12:08:38 AM
From: caly  Read Replies (1) of 52
 
Clinuvel completes A$26 million Private Placement and announces a Share Purchase Plan for Australian investors

Clinuvel Pharmaceuticals Limited (ASX:CUV, XETRA-DAX:UR9) is pleased to announce the completion of a successful private placement of 24,339,054 shares at $1.07, to Australian and European institutions resulting in a total of A$26 million.

Clinuvel also announces a Share Purchase Plan (SPP) to allow Australian shareholders to participate at the same price. The proceeds will be used to fund clinical trials of CUV1647 in the recently announced fifth indication in Photodynamic Therapy and to continue ongoing development of its technology.

ept.irmau.com
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