RXi Inks Financing Arrangement with Lincoln Park Capital | GenomeWeb

NEW YORK (GenomeWeb) – RXi Pharmaceuticals this week announced that it has signed a deal under which investment firm Lincoln Park Capital Fund has agreed to buy up to $20 million worth of RXi shares over the next 30 months.

Under the arrangement, Lincoln Park has already purchased 500,000 shares of RXi at $4 apiece for an initial investment of $2 million.

Get the full story with
GenomeWeb Premium

Only $95 for the
first 90 days*

A trial upgrade to GenomeWeb Premium gives you full site access, interest-based email alerts, access to archives, and more. Never miss another important industry story.

Try GenomeWeb Premium now.

Already a GenomeWeb Premium member? Login Now.
Or, See if your institution qualifies for premium access.

*Before your trial expires, we’ll put together a custom quote with your long-term premium options.

Not ready for premium?

Browse our free articles
You can still register for access to our free content.

In Nature this week: genomic analysis of 200 bird species, and more.

The Australian High Court rules that isolated genetic material cannot be patented.

The startup incubator Y Combinator is launching a nonprofit research lab.

In Genome Research this week: vervet genome, tandem repeats affect gene expression in great apes, and more.