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Article: Derma Sciences Closes $6.1 Million Private Placement.
- Article from:
- PR Newswire
- Article date:
- April 3, 2008
CopyrightCOPYRIGHT 2008 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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Funds will accelerate sales force expansion
PRINCETON, N.J., April 3, 2008 /PRNewswire-FirstCall/ -- Derma Sciences Inc (BULLETIN BOARD: DSCI) , a provider of advanced wound care products, said that it has closed on its previously announced $6.1 million private placement with Lehman Brothers as well as new and existing investors. The net proceeds will be used to accelerate the expansion of the Derma Sciences sales force and to potentially broaden the scope of its licensing agreement with Comvita New Zealand, Ltd, its commercialization partner for MEDIHONEY(TM). Oppenheimer & Co. Inc. acted as advisor and placement agent.
Derma Sciences received $6.1 ...