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08:31 EDTNEXM
theflyonthewall.com: NexMed receives cash infusion of $750,000
NexMed announced that it raised $750,000 in gross proceeds from the issuance of new convertible notes due December 31, 2011, which are secured by a mortgage on NexMed’s facility in East Windsor, NJ. The Notes were purchased by two investors, including The Tail Wind Fund. The Notes are convertible into shares of NexMed common stock at $2 per share with a coupon rate of 7% per annum. The shares underlying the Notes will not be registered with the Securities and Exchange Commission. :theflyonthewall.com



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February 8, 2010
13:42 EDTNEXM
theflyonthewall.com: NexMed receives $2.3M cash infusion
NexMed announced that it has raised $2.3M in a private placement of promissory notes from two accredited U.S. investors. The promissory notes, due on or before August 4, are repayable at NexMed's option in either cash or shares of unregistered common stock at prices ranging from 36c-40c per share. The private placement did not include any warrant or registration rights, therefore the investors are required to hold the securities for a minimum of six months. NexMed intends to use the proceeds raised from the transaction for general corporate purposes and to advance the applications of its NexACT delivery technology into the oral and biologics transdermal delivery space. :theflyonthewall.com

February 1, 2010
14:45 EDTNEXM
theflyonthewall.com: NexMed granted request for continued listing on NASDAQ

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