RXI Pharma (RXII) Plans Securities Offering in the Near Future
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RXi Pharmaceuticals Plans to Conduct Securities Offering
October 12, 2016 7:05 AM EDTMARLBOROUGH, Mass., Oct. 12, 2016 /PRNewswire/ --Â RXi Pharmaceuticals Corporation (NASDAQ: RXII) announced today that it plans to conduct a securities offering in the near future. RXi plans to use the net proceeds from the offering to enable the smooth integration of MirImmune Inc. into RXi in the event that RXi exercises its option to acquire MirImmune Inc. and the timely development of RXi's current pipeline, as well as sd-rxRNA in cell therapy.
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RXi Pharmaceuticals Enters into Exclusive Option Agreement to Acquire MirImmune Inc.
October 12, 2016 7:02 AM EDTMARLBOROUGH, Mass., Oct. 12, 2016 /PRNewswire/ -- RXi Pharmaceuticals Corporation (NASDAQ: RXII), a clinical-stage RNAi company developing innovative therapeutics that address significant unmet medical needs, announced today that it has entered into an exclusive option agreement to acquire all outstanding capital stock of MirImmune Inc., a privately-held company focused on the development of next generation immunotherapies for the treatment of cancer, in consideration for a number of shares equal to 19.99% of the then outstanding shares of common stock of RXi, plus additional potential consideration contingent on MirImmune reaching certain milestones. RXi... More
