Acusphere Announces Results of Special Meeting
WATERTOWN, Mass.--(BUSINESS WIRE)--Oct. 15, 2004--Acusphere, Inc. (NASDAQ: ACUS) today announced that its stockholders approved the proposed issuance and sale of 574,478 shares of the Company's common stock and warrants to purchase up to 114,895 additional shares of the Company's common stock. These shares and warrants are proposed to be sold at the second and final closing of the Company's previously announced $21.5 million private placement of securities with certain institutional and accredited investors. At the meeting, holders of approximately 9,424,173 shares eligible to vote on the proposal voted in favor of the proposal, representing approximately 91% of all shares present in person or represented by proxy and entitled to vote at the special meeting. The Company expects to consummate the second and final closing of the Company's private financing as soon as practicable.
About Acusphere, Inc.
Acusphere (NASDAQ:ACUS) is a specialty pharmaceutical company that develops new drugs and improved formulations of existing drugs using its proprietary microparticle technology. Acusphere's three initial product candidates are in clinical development and are designed to address large unmet clinical needs within cardiology, oncology and asthma. These product candidates were created using proprietary technology that enables Acusphere to control the porosity and size of nanoparticles and microparticles in a versatile manner that allows particles to be customized to address the delivery needs of a variety of drugs. Acusphere's lead product candidate, AI-700, is a cardiovascular drug in Phase 3 clinical development. AI-700 is designed to be used in a preferred alternative procedure to the estimated 9.5 million procedures done each year in the U.S. to detect coronary heart disease, the leading cause of death in the United States. For more information about Acusphere visit the Company's web site at www.acusphere.com.
Remember, if you "play" the stock market....you do so at your own risk. You can join Unsolved Mysteries and post your own mysteries or
interesting stories for the world to read and respond to Click hereScroll all the way down to read replies.Show all stories by Author:  19092 ( Click here )
Halloween is Right around the corner.. .
|
