NeuBase Therapeutics Announces Agreements for $9 Million Financing
OHR PHARMACEUTICALS (OHRP)
Last ohr pharmaceuticals earnings: 8/8 04:01 pm
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Source: GlobeNewswire
PITTBURGH, Pa., March 11, 2019 (GLOBE NEWSWIRE) -- NeuBase Therapeutics, Inc. (“NeuBase”), a biotechnology company developing next generation antisense therapies to address rare genetic diseases, today announced that it has entered into definitive agreements for a $9.0 million financing that will close immediately prior to the closing of the company’s proposed merger with Ohr Pharmaceutical, Inc. (Nasdaq: OHRP) (“Ohr”). The oversubscribed financing includes institutional and accredited investors, including participation by Cyto Ventures, a life sciences-focused venture capital fund affiliated with Dietrich Stephan, Ph.D., the CEO of NeuBase Therapeutics, and a member of Ohr’s board of directors. “The strong investor interest in this financing serves as recognition of the potential of our proprietary antisense PATrOLTM platform,” stated Dr. Stephan. “We believe that the PATrOLTM platform, a 'next generation' antisense technology, is capable of addressing a multitude of rare genetic
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