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www.fdanews.com/articles/81745-tigris-pharmaceuticals-raises-11-6-million-in-private-placement

TIGRIS PHARMACEUTICALS RAISES $11.6 MILLION IN PRIVATE PLACEMENT

October 18, 2005

Tigris Pharmaceuticals, Inc., a privately held drug development company, recently completed a private placement of Series A Convertible Preferred Stock with institutional and other accredited investors resulting in gross proceeds of approximately $11.6 million, which includes the conversion of approximately $1.6 million of previously issued convertible debt.

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