Nuvelo files $60 million debt securities, stock shelf registration

By Devika Patel

Knoxville, Tenn., Dec. 21 - Nuvelo, Inc. registered $60 million of debt securities, preferred stock and common stock in an S-3 filing with the Securities and Exchange Commission.

The debt securities and preferred stock may be structured as convertibles.

Proceeds will be used for general corporate purposes.

Nuvelo, a Sunnyvale, Calif., biopharmaceutical company focused on therapeutics for the treatment of acute cardiovascular indications and cancer, will use proceeds for general corporate purposes.

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