Navigation Links
Senesco Technologies Closes on Additional $4.0 Million of Previously Announced Financing
Date:12/21/2007

NEW BRUNSWICK, N.J., December 21 /PRNewswire-FirstCall/ -- Senesco Technologies, Inc. ("Senesco" or the "Company") (Amex: SNT) today announced that the Company recently closed on an additional $4.0 million of its previously announced private placements with YA Global Investments, LP ("YA Global") and Stanford Venture Capital Holdings, Inc. ("Stanford"). Senesco has now closed on an aggregate of $7 million of the $10 million private placements of secured convertible debentures and warrants. Each of the next $1.5 million traunches will occur upon the Company fulfilling certain development milestones.

Senesco primarily intends to utilize the proceeds of this financing to advance its research in multiple myeloma with the goal of initiating a Phase I clinical trial. The Company estimates that it will take approximately 18-24 months to complete the steps necessary to initiate a Phase I clinical trial. Senesco believes that the proceeds from the combined $10 million private placements from YA Global and Stanford should be sufficient to allow it to complete these steps.

"We are pleased with the confidence YA Global and Stanford have shown in Senesco's ability to execute its business strategy through these private placements," said Joel Brooks, Chief Financial Officer and Treasurer of Senesco.

H.C. Wainwright acted as the placement agent for this transaction. The terms of the debentures and warrants were previously disclosed on a Form 8-K, dated August 1, 2007 and August 29, 2007 and in the Company's annual report on Form 10-K.

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 s
'/>"/>

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

Page: 1 2 3

Related biology technology :

1. Emisphere Technologies, Inc. Announces Pricing of Registered Direct Offering
2. Healthcare Technologies Calls for a Shareholders Meeting to Approve the Nexgen Biofuels Transaction
3. Healthcare Technologies Reports Loss for 2007 Second Quarter & Six Months Results
4. BioMaxx Systems Inc. Signs Engagement Letter With Alcofuel Technologies for Provision of an Ethanol Micro-Refinery
5. Amyris Biotechnologies Co-Founder Neil Renninger Named to Technology Reviews Prestigious TR35 List of Top Young Innovators
6. China Medical Technologies to Participate in the Morgan Stanleys 2007 China Medical Corporate Day
7. Pathway Medical Technologies Adds Joe Rafferty as VP, Sales, and Moves To Larger Facility to Accommodate Rapid Growth
8. Operon Biotechnologies and DNA2.0 Announce Co-Marketing and Technology Development Partnership
9. Emisphere Technologies, Inc. Appoints Paul Lubetkin as Vice President and General Counsel
10. Microchip Biotechnologies, Inc. Secures Exclusive License to Use New University of Alberta Technology for Developing Microfluidic Devices
11. DNA Sequencing Equipment Market to Fragment and Grow as Competition, New Technologies Develop
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/29/2014)... August 29, 2014 Three Lawrence ... 2014 Hydrogen Production R&D Award for ... splitting water using sunlight. , Shared with collaborators ... the University of Nevada, Las Vegas (UNLV), the ... models of photoelectrochemical solar-hydrogen production and corrosion processes. ...
(Date:8/29/2014)... (PRWEB) August 29, 2014 Intrinsic ... 13485:2003 certified, GAMP® 5 compliant imaging core lab, ... international Phase II clinical trial to assess a ... Throughout this trial, Intrinsic Imaging will provide comprehensive ... to, protocol and charter development, site qualification, site ...
(Date:8/28/2014)... (PRWEB) August 28, 2014 Best Sanitizers, ... for an alcohol-based hand sanitizer, asks food processors and ... comparing the hand sanitizer they’re currently using to Best ... Hand hygiene is critical to fighting cross-contamination and the ... Best Sanitizers believes there are key criteria that make ...
(Date:8/28/2014)... an electronic which is not only based on ... spin and the spin-related magnetism. Spin-charge converters enable ... vice versa. Recently, the research group of Professor ... Johannes Gutenberg University Mainz in collaboration with researchers ... the first time realised a new, efficient spin-charge ...
Breaking Biology Technology:Livermore Team Awarded for Hydrogen Production Research 2Intrinsic Imaging Awarded Phase II Clinical Trial to Assess New Treatment for Non-Hodgkin’s Lymphoma 2Food Processors and Food Handlers are Encouraged to Prepare for Fall Harvest by Evaluating Their Current Hand Sanitizer Using Nine Key Criteria 2Food Processors and Food Handlers are Encouraged to Prepare for Fall Harvest by Evaluating Their Current Hand Sanitizer Using Nine Key Criteria 3A new, tunable device for spintronics 2A new, tunable device for spintronics 3
... by a team of Rensselaer Polytechnic Institute researchers opens ... and illegal drugs from a distance of 20 meters. ... technology, has great potential for homeland security and military ... materials and can identify immediately the unique THz "fingerprints" ...
... Backed by a $1.2 million federal grant, the University ... Materials Manufacturing (CAMM) that will support the transfer of ... in both Wisconsin and the nation. ... revitalize foundries and metal-casting businesses if they can be ...
... ROCKVILLE, Md. , Aug. 6 Novavax, ... the appointment of Richard Douglas , Ph.D. to its ... Corporate Development at Genzyme Corp.  As a leader of Genzyme,s ... acquisitions, licenses, joint ventures and strategic alliances as well as ...
Cached Biology Technology:A revolutionary breakthrough in terahertz remote sensing 2Federal grant invests in nanostructured 'super' materials 2NOVAVAX Elects Richard H. Douglas to its Board of Directors 2NOVAVAX Elects Richard H. Douglas to its Board of Directors 3
(Date:9/1/2014)... 2014, 10:20 AM EDT) It may be possible ... over unhealthy higher-calorie foods, according to new research by ... Center on Aging (USDA HNRCA) at Tufts University and ... journal Nutrition & Diabetes , a brain scan ... is possible to reverse the addictive power of unhealthy ...
(Date:8/31/2014)... the University of Warwick have discovered that ,good, cholesterol ... The substance, methylglyoxal - MG, was found to damage ... cholesterol from the body. , Low levels of ... disease, with increased levels of MG being common in ... , Supported by funding from the British Heart ...
(Date:8/31/2014)... study of satellite data from the last 19 years reveals ... around the coast of Antarctica to rise by 2cm more ... University of Southampton detected the rapid rise in sea-level by ... a million square kilometres. , The melting of ... shelves has contributed an excess of around 350 gigatonnes of ...
Breaking Biology News(10 mins):Training your brain to prefer healthy foods 2Sugar substance 'kills' good HDL cholesterol, new research finds 2
... publishing its first issue, the online open-access journal ... highest-impact microbiology journals according to Thomson Reuters, which has ... Reuters tracks the number of times scholarly articles are ... "impact factors", rough measures of the quality or standing ...
... cardiologists try to prevent a heart attack by widening ... the veins and arteries, improve the flow of blood ... that stents can be used to treat pathological constriction ... may be caused by tumors, chronic infections or congenital ...
... geologists are part of a comprehensive statewide study on ... Carbon dioxide is a gas that is a byproduct ... among other causes. Studies have linked increased carbon dioxide ... is being produced by various sources, both natural and ...
Cached Biology News:American Society for Microbiology's newest journal earns a high impact factor in latest rankings 2Non-slip tracheal implants 2Geologists testing aquifer rocks as containers to permanently trap carbon dioxide 2Geologists testing aquifer rocks as containers to permanently trap carbon dioxide 3
X-prolyl aminopeptidase (aminopeptidase P) 1, soluble...
Recorder REC-111 single-channel, 1. Category: Chromatography Systems & Accessories, Systems....
... Mac OS X provides the most highly ... sequence analysis and molecular biology data management ... NTI Suite you can store manage view ... of molecular biology data all within one ...
... Flp-In System creates isogenic cell lines ... of the protein of interest. This ... 3 (click link below). In this ... transferase (CAT) was subcloned into pcDNA5/FRT ...
Biology Products: