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Published on 10/12/2006 in the Prospect News Biotech Daily and Prospect News PIPE Daily.

New Issue: Vyteris concludes $2.5 million private placement of units

By Sheri Kasprzak

New York, Oct. 12 - Vyteris Holdings (Nevada), Inc. completed a $2.5 million private placement.

The company sold 5 million units at C$0.50 each to BTR Global Growth Trading Ltd. and BTR Global Opportunity Trading Ltd. The units consist of two shares and one warrant. Each warrant is exercisable at $0.45 for two years.

Vyteris, based in Fair Lawn, N.J., develops drugs that are delivered through transdermal patches.

Issuer:Vyteris Holdings (Nevada), Inc.
Issue:Units of two shares and one warrant
Amount:$2.5 million
Units:5 million
Price:$0.50
Warrants:One warrant per unit
Warrant expiration:Two years
Warrant strike price:$0.45
Investors:BTR Global Growth Trading Ltd. and BTR Global Opportunity Trading Ltd.
Settlement date:Oct. 5
Stock symbol:OTCBB: VYHN
Stock price:$0.50 at close Oct. 5

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