By Devika Patel
Knoxville, Tenn., Dec. 30 - Nymox Pharmaceutical Corp. said it received a $15 million equity line from institutional investors.
The company may sell stock to the investors at a 3% discount to the market price. All of the investors have participated in previous equity financings with Nymox.
No warrants are included.
Proceeds will be used for general corporate purposes.
Based in Hasbrouck, N.J., Nymox is a biotechnology company focused on needs of the aging population.
| Issuer: | Nymox Pharmaceutical Corp.
|
| Issue: | Equity line
|
| Amount: | $15 million
|
| Price: | 3% discount to market price
|
| Warrants: | No
|
| Announcement date: | Dec. 30
|
| Stock symbol: | Nasdaq: NYMX
|
| Stock price: | $3.14 at close Dec. 30
|
| Market capitalization: | $94.3 million
|
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