Article: PolyMedix Secures $10 Million Equity Line Facility with Dutchess Equity Fund, LP.

PolyMedix to Receive up to $10.0 Million Over Three Years

RADNOR, Pa. -- PolyMedix, Inc. (OTC BB: PYMX, www.polymedix.com), an emerging biotechnology company developing acute care products for infectious diseases and acute cardiovascular disorders, has entered into an agreement with Dutchess Equity Fund, LP for up to $10 million of financing through an equity line facility. In accordance with the terms of the agreement, Dutchess has committed to purchase up to $10,000,000 of the Company's common stock over thirty-six months. While the per share price will be determined based on market prices in accordance with an agreed formula, the company will set its minimum ...

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