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Stock Market & Financial Investment News

News Breaks
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.
News For BIOD From The Last 14 Days
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May 28, 2015
16:01 EDTBIODBiodel to present data on concentrated ultra-rapid basal insulin and glucagon
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May 21, 2015
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May 18, 2015
10:01 EDTBIODOn The Fly: Analyst Initiation Summary
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09:25 EDTBIODOn The Fly: Pre-market Movers
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09:18 EDTBIODBiodel initiated with a Buy at Roth Capital
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