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Pro-Pharmaceuticals files $50 million shelf for stock and preferreds
By Devika Patel
Knoxville, Tenn., March 16 - Pro-Pharmaceuticals, Inc. filed a $50 million shelf registration in an S-3 filing with the Securities and Exchange Commission.
The registration covers common stock, preferred stock, warrants and units.
The preferreds may be structured as convertibles.
Proceeds will be used for general corporate purposes.
Based in Newton, Mass., Pro-Pharmaceuticals develops anti-cancer treatments.
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