NEW YORK, April 10 - Hyseq Pharmaceuticals said yesterday it has pocketed about $15 million in a private stock placement.
Investors, which included new and existing institutional investors, bought roughly 3.6 million shares of newly issued common stock at $4.20 per share.
Hyseq said it also issued warrants to the investors to buy approximately 894,000 additional shares for $5.67 apiece, or a 35 percent premium to the per-unit purchase price.