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EntreMed Enters into $7.5 Million Equity Facility and Initiates $1.1 Million Drawdown
Date:6/28/2011

the next clinical evaluation of ENMD-2076."

In connection with the execution of the SEDA, EntreMed paid Yorkville a one-time fee of $26,000 and issued YA Global 39,741 shares of common stock as a commitment fee.  The SEDA permits EntreMed to terminate the agreement at any time, subject to the advance notice provision, and to pursue any other financing alternatives available to the Company.  The Company intends to use the net proceeds from the initial advance, which are expected to be approximately $1.0 million after deducting the offering expenses, including fees paid to Yorkville and to Ferghana Securities, Inc., the Company's financial advisor, for working capital.

These securities are being offered through a prospectus supplement and accompanying base prospectus pursuant to the Company's effective shelf registration statement, previously filed and declared effective by the Securities and Exchange Commission (the "SEC").  The prospectus supplement related to the offering will be filed with the SEC.  Copies of the final prospectus supplement and accompanying base prospectus can be obtained at the SEC's website at www.sec.gov.

This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.

About ENMD-2076

ENMD-2076 is an orally-active, Aurora A/angiogenic kinase inhibitor with a unique kinase selectivity profile and multiple mechanisms of action. ENMD-2076 has been shown to inhibit a distinct profile of angiogenic tyrosine kinase targets in addition to the Aurora A kinase. Aurora kinases are key regulators of mitosis (cell division), and are often over-expressed in human cancers. ENMD-2076 also
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SOURCE EntreMed, Inc.
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Related medicine technology :

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2. EntreMed Reports First Quarter 2011 Financial Results
3. EntreMed Reports Third Quarter 2010 Financial Results
4. EntreMed Receives Notice of NASDAQ Compliance
5. EntreMed Secures $5.1 Million in Registered Direct Offering and Enters into Agreement for Rights to License ENMD-2076 in China
6. EntreMed Receives NASDAQ Listing Rule 5550(b)(2) Determination Letter
7. EntreMed Reports Second Quarter 2010 Financial Results
8. EntreMeds ENMD-2076 Active in Solid and Hematological Cancers
9. Entremed Presents Results of ENMD-2076 Phase 1 Study in Advanced Cancer Patients
10. EntreMed Presents Initial Clinical Results for ENMD-2076
11. EntreMed Receives New Patent for 2-Methoxyestradiol Analogs
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