Celsus Therapeutics and Volution Immuno Pharmaceuticals Announce $75 Million Private Placement

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Celsus Therapeutics (CLTX) Halted on LUDP

August 20, 2015 2:42 PM EDT

Celsus Therapeutics (NASDAQ: CLTX) Halted on LUDP

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UPDATE: Celsus Therapeutics (CLTX) Tests Session Highs, Now Up 250%

August 19, 2015 1:24 PM EDT

(Updated - August 19, 2015 3:48 PM EDT)

Celsus Therapeutics (NASDAQ: CLTX) Tests Session Highs

Update:

After punching through highs at $2.50 Celsus Therapeutics advanced above $3.50 on the session, well ahead of its opening price of $1.00. Gains follow news Tuesday morning related to a $75... More

Celsus Therapeutics (CLTX), Volution Immuno Announce $75M Private Placement

August 18, 2015 7:18 AM EDT

Celsus Therapeutics Plc (NASDAQ: CLTX) and Volution Immuno Pharmaceuticals SA today announced that Celsus has entered into a securities purchase agreement for a private placement with a select group of investors, led by Deerfield, and including Venrock, Vivo Capital, Foresite Capital, New Enterprise Associates, QVT Financial, RA Capital Management and certain other institutional investors.

The closing of the private placement is subject to Celsus obtaining shareholder approval of the financing transaction and the previously announced acquisition by Celsus of Volution Immuno Pharmaceuticals at Celsus' General Shareholder Meeting on September 16, 2015, the closing of the acquisition... More