Cellegy Raises $6 Million in Private Placement

Cellegy Pharmaceuticals announced that it has raised $6 million ($5.6 million after estimated offering expenses) in a private placement of its common stock and warrants to existing stockholders and new institutional investors. Five current institutional shareholders participated in the financing: SJ Investments, LLC, Tisch Family Interests, Kingsway, LLC, Greenway Capital and Kingsbridge Capital Limited.

Yahoo News (http://biz.yahoo.com/prnews/050513/sff013.html?.v=9)