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Keryx Biopharmaceuticals Raises $15 Million Equity.

Publication: PR Newswire
Publication Date: 18-NOV-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Keryx Biopharmaceuticals, Inc. Raises $15 Million In Private Equity



Transaction With Institutional Investors NEW YORK, Nov. 18 / -- Keryx Biopharmaceuticals, Inc. (Nasdaq: KERX; AIM: KRX), a biopharmaceutical company focused on the acquisition, development and commercialization of novel pharmaceutical products for the treatment of life-threatening diseases, including diabetes and cancer, announced today that it has entered into definitive agreements with several institutional investors relating to a private placement of approximately $15 million in gross proceeds through the issuance of common stock and warrants. Michael S. Weiss, Chairman and Chief Executive Officer of Keryx, commented on the transaction, "We are very pleased to have consummated this financing with some of the highest-quality...

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