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iBio closes stock purchase agreement

Aug. 26, 2014 11:21 AM ETiBio, Inc. (IBIO) StockBy: Douglas W. House, SA News Editor1 Comment
  • iBio (NYSE:IBIO +6.8%) enters into a $10M common stock purchase agreement with Aspire Capital Fund LLC. After its initial purchase of 1,136,354 shares at $0.44 per share, Aspire has committed to buying up to $9.5M in additional shares of common stock over a 24-month period.
  • Proceeds will help fund clinical trials of its biotherapeutic product candidate for the treatment of fibrosis, which are slated to begin in early 2015.

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