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Article: Targeted Genetics Receives $4.8 Million in Equity Funding From Biogen.
- Article from:
- PR Newswire
- Article date:
- August 18, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Targeted Genetics Corporation today announced that it has received approximately $4.8 million from the issuance of 2,515,843 shares of its common stock to Biogen, Inc. at a price of approximately $1.91 per share.
"We have enjoyed the opportunity to work in collaboration with Biogen over the last several years to advance understanding of gene delivery technology," said H. Stewart Parker, president and chief executive officer of Targeted Genetics. "This additional funding further strengthens our financial position and will be used to support Targeted Genetics' ongoing core programs and corporate operations."
Targeted Genetics and Biogen established a ...