Satellos Bioscience Secures $40 Million Funding Boost

Satellos Bioscience (TSE:MSCL) has released an update.

Satellos Bioscience successfully closed a $40 million public offering, issuing over 63 million equity securities, to fund its Phase 2 clinical program for SAT-3247. The offering was led by Bloom Burton Securities Inc. and participated by several agents. The funds will support clinical development and general corporate needs.

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