Shares of pSivida (PSDV -12%) slide after it says it's entered into a securities purchase...

|About: pSivida Corp. (PSDV)|By:, SA News Editor

Shares of pSivida (PSDV -12%) slide after it says it's entered into a securities purchase agreement with institutional investors to raise approximately $5.36M in a direct offering. The company plans to sell, in units, around 2.5M shares of common stock and warrants to purchase 624K shares of its common stock, at a price of $2.15 per unit.