Business in the Burbs

EpiCept Corp. in Tarrytown raises $1M from investors

December

EpiCept Corp., a Tarrytown biotech company, said it raised $1 million from institutional investors through the private placement of subordinated convertible notes and common stock. EpiCept said it expects to use the proceeds to repay part of a loan, to meet working capital needs and for general corporate purposes. EpiCept recently reported that trials of its Ceplene cancer treatment showed an improved survival rate in leukemia patients.

This entry was posted on Wednesday, December 10th, 2008 at 5:06 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
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