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InSite files $75 million shelf
By Jennifer Chiou
New York, April 11 - InSite Vision Inc. registered to sell up to $75 million of securities in an S-3 filing with the Securities and Exchange Commission.
Covered by the shelf are common stock, preferred stock, warrants and debt securities. Preferred stock and debt securities may be structured as convertibles.
The company said it plans to use proceeds for clinical trials, for development of its product candidates and for general corporate purposes.
Based in Alameda, Calif., InSite develops therapies used to treat ocular infections and retinal diseases.
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