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Stock Market & Financial Investment News

News Breaks
February 13, 2014
06:01 EDTBIODBiodel has replay of conference call
Conference call which discussed plans to advance BIOD-531 based on positive clinical trial results was held on February 12 at 5 pm a replay is available. Webcast Link
News For BIOD From The Last 14 Days
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July 28, 2014
06:11 EDTBIODBiodel enters into $15M equity commitment with Lincoln Park Capital
Biodel announced that it has entered into a stock purchase agreement with Lincoln Park Capital Fund, or LPC, a Chicago-based institutional investor. Under the terms of the purchase agreement, Biodel will have the right to sell to LPC, and LPC will be obligated to purchase, up to $15M in shares of Biodel's common stock, subject to the limitations and conditions set forth in the agreement. Biodel intends to use any proceeds that it receives from the sale of shares under the purchase agreement for general corporate purposes and working capital requirements. Under the terms of the purchase agreement and related registration rights agreement, Biodel has agreed to file with the SEC a registration statement covering the shares that may be issued to LPC under the purchase agreement. Sales under the purchase agreement may take place over the 36-month period after the registration statement is declared effective by the SEC.

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