Imprimis Pharma (IMMY) Reports Q1 Revenues Above Estimates

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Imprimis Pharma (IMMY) Affiliate Surface Pharmaceuticals Announces $20 Million Series A Financing from Flying L Partners

May 15, 2018 7:32 AM EDT

Surface Pharmaceuticals, Inc., an affiliated company of Imprimis Pharmaceuticals, Inc. (NASDAQ: IMMY), today announced it has entered into a definitive stock purchase agreement with an affiliate of Flying L Partners to raise proceeds of up to approximately $20 million in a private placement of its Series A preferred stock. Surface Pharmaceuticals intends to use the proceeds of the Series A financing to advance its clinical development programs focused on ocular surface disease, including Dry Eye Disease treatments, by seeking FDA approval for three drug candidates for up to five indications, as well as for general corporate... More