ONXX Message Board - Msg: 3164602

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Biotech / Medical : ONXX

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To: Uncle Frank who wrote (168)	1/14/1998 10:13:00 AM
From: C. K. Humphries	Read Replies (1) of 810

Frank, I saw Onyx climb a little yesterday perhaps because of this news. It is about time! Here is what was said: - Onyx Pharmaceuticals Inc said Wednesday it sold 1.4 million common shares to two institutional investors at $7.125 per share. Onyx said it raised $10 million in the private placement, which closed January 12. It said it has agreed with the investors to file within 90 days a registration statement with the Securities and Exchange Commission for possible future resale of the shares. The buyers were International Biotechnology Trust Plc of London, managed by the Rothschilds, and Lombard Odier & Cie of Geneva, Onyx said. Kent

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