Antisense Pharma Announces Closing of 16.5 Million Euro Financing.Business Editors/Health/Medical Writers REGENSBURG, Germany--(BUSINESS WIRE)--April 29, 2004 Antisense antisense, DNA or RNA manipulated in a laboratory so that its components (nucleotides) form a complementary copy of normal, or "sense," messenger RNA (mRNA; see nucleic acid). Pharma today announced that it has successfully raised 10 million EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. within the second closing of its current expansion financing, now totalling to 16.5 million EUR. Investors in this second closing are the Global Chance Fund, Global Asset Fund and INOVA AG. The previous closing included investments from Global Chance Fund, S-Refit AG, Technologie-Beteiligungsfonds Bayern, as well as private investors. Dr. Reimar Schlingensiepen, COO said, "We are very pleased to have completed now these two closings of our expansion financing. The excellent progress in our drug development impressed the existing and new investors and led to one of the biggest European financing rounds in the biopharmaceutical sector in 2003/2004." Antisense Pharma GmbH intends to use the proceeds to continue the internal R&D programs and clinical development of drug candidates focusing on malignant tumors malignant tumor n. A tumor that invades surrounding tissues, is usually capable of producing metastases, may recur after attempted removal, and is likely to cause death unless adequately treated. . Data from preclinical and clinical studies of the Company's most advanced anti-tumor agents, AP 12009 and AP 11014, have been presented at this years 95th Annual Meeting of the American Association for Cancer Research Wikipedia is not the place for advertisement or self-advertising. The American Association for Cancer Research (AACR) is an organization based in Philadelphia, Pennsylvania, that focuses on all aspects of cancer research including basic, clinical and translational (AACR AACR American Association for Cancer Research AACR Anglo-American Cataloging Rules AACR Australasian Association of Cancer Registries AACR African Armed Conflicts Resolved ), March 27-31 in Orlando, Florida The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. According to the 2000 census, the city population was 185,951. A 2006 U.S. . This press release contains forward-looking statements with respect to the future business of Antisense Pharma GmbH. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that could occur in the future. There is a number of factors that could cause actual results and developments to differ materially. Antisense Pharma GmbH disclaims any intent or obligation to update any of these forward-looking statements. |
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