Navigation Links
Favrille Announces $21.1 Million Registered Direct Offering
Date:11/2/2007

SAN DIEGO, Nov. 2 /PRNewswire-FirstCall/ -- Favrille, Inc. (Nasdaq: FVRL) announced today that the Company has entered into definitive agreements with primarily institutional investors to sell up to 7,416,520 shares of its common stock and warrants to purchase up to 4,449,910 shares of its common stock for gross proceeds of approximately $21.1 million, before deducting placement agent fees and estimated offering expenses, in a "registered direct" offering. The investors have agreed to purchase the shares of common stock and warrants to purchase common stock (together, a "unit") at a negotiated purchase price of $2.845 per unit, each unit consisting of one share and a warrant to purchase 0.6 shares of common stock. The warrants will be exercisable at any time prior to the fifth anniversary of the closing of the transaction. The exercise price of the warrants will be $2.77 per share.

Lazard Capital Markets LLC served as sole placement agent for the offering.

The securities described above are being offered by the Company pursuant to a previously filed registration statement, which was declared effective by the Securities and Exchange Commission (the "SEC") on July 11, 2006. The transaction is expected to close on or about November 7, 2007, subject to customary closing conditions. The Company intends to use the net proceeds from this offering to fund its efforts to obtain FDA approval for its lead drug candidate FavId(R), to prepare for commercial launch of FavId and for other general corporate purposes.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the final prospectus supplement and accompanying base prospectus relating to this offering may be obtained at the SEC's website at '/>"/>

SOURCE Favrille, Inc.
Copyright©2007 PR Newswire.
All rights reserved

1

GOOD

Page: 1 2 3

Related biology technology :

1. Speaker announces business members of IT Task Force
2. Doyle announces technology tax credits for Berbee
3. Doyle announces new energy, global warming policies
4. Doyle announces $80M renewable energy strategy
5. GE announces first installation of Discovery VCT
6. UWM announces winners of RGI awards
7. Third Wave announces two senior management appointments
8. Mirus announces new method for making antibodies
9. Merge announces sofware updates, upcoming acquisition
10. Small Tree announces ethernet solution for Apple Xserv G5
11. TEKLYNX International announces new RFID software

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/24/2009)...mber24/PRNewswire-FirstCall/--Shireplc(LSE:SHP,NA...ompany,today,announcedthatithassubmittedaMAAtotheE...pany,senzymereplacementtherapyindevelopment,forthe...ting,applicationforvelaglucerasealfathathasbeensub...dCanada. , Basedonaglobalsupplyshortageofthec...
(Date:11/24/2009)... Program Connects Customers with Partners Va...ith DNA Genotek Products , ...otek , a leading provider of products for biologic...n, today announced its new global partner program....NA Genotek,s partner community and is designed to ...
(Date:11/23/2009)...You can think of it as origami very high-tech ori... have developed a technique for fabricating three-... from thin films by coupling photolithography and ...tions. , The films, only a few microns thick, off...h thicker pieces of the same material. , "This is...
(Date:11/23/2009)...,ON,Nov.23/PRNewswire-FirstCall/-YMBioSciencesInc....pmentcompanythatidentifiesandadvancesadiverseportf...esofdevelopment,todayreportedthatCytopia(ASX:CYT)h...T387,apotent,orally-administeredJAK1/JAK2inhibitor...innesota.AproposaltomergeCytopiaintoYMhasbeenprevi...
Breaking Biology Technology:Shire Submits European Marketing Authorization Application (MAA) for velaglucerase alfa for the Treatment of Type 1 Gaucher Disease 2Shire Submits European Marketing Authorization Application (MAA) for velaglucerase alfa for the Treatment of Type 1 Gaucher Disease 3DNA Genotek Launches Global Partner Program 2DNA Genotek Launches Global Partner Program 3Water droplets direct self-assembly process in thin-film materials 2YM BIOSCIENCES REPORTS FIRST PATIENT IN PHASE I/II TRIAL OF JAK1/JAK2 INHIBITOR, CYT387 ENROLLED BY CYTOPIA 2YM BIOSCIENCES REPORTS FIRST PATIENT IN PHASE I/II TRIAL OF JAK1/JAK2 INHIBITOR, CYT387 ENROLLED BY CYTOPIA 3YM BIOSCIENCES REPORTS FIRST PATIENT IN PHASE I/II TRIAL OF JAK1/JAK2 INHIBITOR, CYT387 ENROLLED BY CYTOPIA 4
...t International Shock Congress by sepsis thought ...June 26 /PRNewswire-FirstCall/ - Spectral Diagnost...on of data that demonstrates the,combined clinical...A(TM)),the only FDA cleared diagnostic for the mea...levated endotoxin levels and to guide endotoxin,re...
... U.S. Ag, LLC of Luthersville, GA has the attent...ith the creation of a revolutionary new formula th...ge in the high moisture range without spoilage, ro...Luthersville, GA (PRWEB) June 24, 2008 -- U.S. Ag,...le feeders and dairymen industry wide with the cre...
...25 Cell Biosciences, Inc., a,provider of ultrasen...ems,to life science researchers, today announced t... Tim Harkness was named President and Chief Execut...was the Chief Financial Officer for Molecular,Devi...into a global leader,in life science research tool...
Other Biology Technology:Spectral announces continuing support for the combination of EAA(TM) and anti-endotoxin therapeutics 2Breakthrough Slashes $7 Corn Over Half for Cattle Feeders 2Breakthrough Slashes $7 Corn Over Half for Cattle Feeders 3Cell Biosciences Announces New Leadership 2
(Date:11/23/2009)...ts strong evidence that the "synergistic" effect o...ted pollution and indoor endotoxin causes more har...re alone. , Environmental health scientists at...cine have shown that children exposed to both high...dotoxin during early life are six times more likel...
(Date:11/23/2009)...- The time of day matters to forest trees dealing ... a research team led by Professor Malcolm Campbell...al for research and colleagues in the department o...s. , Capitalizing on their previous work to de...eam examined how poplar trees use their 45,000 gen...
(Date:11/23/2009)...rch suggests that a common oral bacterium may exac...Nichols et al, "Unique Lipids from a Common Human ...pable of Enhancing Autoimmunity," appears in the D...hology . , Multiple sclerosis (MS), a disease wh... cord, affects nearly 1 in 700 people in the Unite...
Breaking Biology News(10 mins):Exposure to both traffic, indoor pollutants puts some kids at higher risk for asthma later 2Time of day matters to thirsty trees, U of T researcher discovers 2Factors from common human bacteria may trigger multiple sclerosis 2Haemonetics Signs Comprehensive Agreement with Blood Centers of America 57334 1Haemonetics Signs Comprehensive Agreement with Blood Centers of America 57334 2Shockwave Treatment May Not Be Best for Shoulder Pain 57330 1Shockwave Treatment May Not Be Best for Shoulder Pain 57330 2Breast Health and Healing Foundation Convenes Groundbreaking Breast Cancer Summit in Washington D C On October 9 2009 57327 1Breast Health and Healing Foundation Convenes Groundbreaking Breast Cancer Summit in Washington D C On October 9 2009 57327 2Breast Health and Healing Foundation Convenes Groundbreaking Breast Cancer Summit in Washington D C On October 9 2009 57327 3
...rauma patients, every second counts. Yet bruises, ... difficult to locate veins and administer lifesavi...orgia Institute of Technology researchers is devel...ppler ultrasound technology to find veins quickly....vessel detection," says project leader Michael Gra...
... and extreme athletes, lactic acid is poison, a wa...s to muscle fatigue, reduced performance and pain....California, Berkeley, however, tells a different s...nd athletes don,t realize it, says exercise physio...egrative biology, but endurance training teaches t...
...sweet lure of chocolate or the bitter taste of str...responses be so innate as to be hard-wired into th...lable fruit fly Drosophila, Kristin Scott and coll...Neuron experiments demonstrating just such a hard-...r a model for taste encoding in the brain that hol...
Other Biology News:Researchers develop portable 'vein finder' for faster, more accurate injections 2Researchers develop portable 'vein finder' for faster, more accurate injections 3Lactic acid not athlete's poison, but an energy source - if you know how to use it 2Lactic acid not athlete's poison, but an energy source - if you know how to use it 3Lactic acid not athlete's poison, but an energy source - if you know how to use it 4How taste response is hard-wired into the brain 2
...-up, these culture chambers produce cell yields in...s to multiple roller bottles or spinner flasks. &b...l integrity • 100% leak tested prior to shipp...y gamma irradiation, with low particulate contamin...
Taq DNA Polymerase (with KCl buffer) from ABgene
Buffer for sal I 10X (do not list in catalog) BLACK (Sal I) from Sigma-Aldrich
... thermostable DNA polymerase obtained by high leve...coli, Concentration: 5U/ul, Applications: Standard...world leader in serving science. Thermo Fisher Sci...ier, cleaner and safer by providing analytical ins...
Biology Products: