AntriaBio completes capital raise

Pico cap AntriaBio (ANTB) raises $10M via private placement. The company issued 28,063,323 units comprised of one share of common stock at $0.26 each and one warrant to purchase one share of common at $0.39.

Proceeds to used for general corporate purposes including the development of its lead product, AB101, a once-per-week microsphere insulin formulation.

Comments (1)
  • Healthcare guy
    , contributor
    Comment (1) | Send Message
    After MNKD success, this will be a home run. These guys have a once a week formulation of basal insulin, which is ready to go into humans with data in 12 months. No expectation of side effects, since regular insulin is being used. Lantus sells over 5 billion annually in the US alone. Once data is positive, its a billion + dollar valuation.
    3 Apr 2014, 01:25 AM Reply Like
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