FDAnews Drug Daily Bulletin

QUALYST CLOSES SERIES B VENTURE CAPITAL FINANCING

May 5, 2006
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Qualyst, Inc. today announced that it has accomplished the closing of its Series B Preferred Stock Offering, bringing total funds raised through the Series A and Series B financing rounds to $5.5 million. Specific financial details relating to Series B were not disclosed. Burton Advisers Ltd. (of London) acted as the exclusive advisor and financial arranger for the Offering.
American Venture Magazine