Navigation Links
Micromet Expands Committed Equity Financing Facility to $75 Million
Date:12/2/2008

BETHESDA, Md., Dec. 2 /PRNewswire-FirstCall/ -- Micromet, Inc. (Nasdaq: MITI), a biopharmaceutical company developing novel, proprietary antibodies for the treatment of cancer, inflammation and autoimmune diseases, today announced that it has entered into an agreement expanding its Committed Equity Financing Facility (CEFF) with Kingsbridge Capital Limited, a private investment group. Under the terms of the agreement, Kingsbridge has committed to provide up to $75 million of capital during the next three years through the purchase of newly-issued shares of Micromet's common stock. Micromet has no obligation to access the facility and will have full control over the amount and the timing of any financing under the facility, subject to certain conditions outlined below. This agreement replaces the Company's 2006 CEFF agreement under which Kingsbridge had committed up to $25 million of capital. The Company did not raise capital under the 2006 CEFF.

"We believe that the closing of our recent $40 million PIPE financing puts us in a strong financial position. The expanded CEFF provides Micromet with additional financial strength and flexibility, which has never been more important than in the current financial environment," stated Dr. Christian Itin, President and CEO of Micromet.

Key provisions of the CEFF are as follows:

-- After the Securities and Exchange Commission (SEC) declares effective the registration statement to be filed by Micromet covering the resale of the shares of common stock issuable in connection with the new CEFF, Micromet can access up to $75 million from Kingsbridge through December 1, 2011, in exchange for newly-issued shares of Micromet's common stock, subject to the terms of the CEFF. The maximum amount of the new CEFF will be reduced by any amounts drawn down on the August 2006 CE
'/>"/>

SOURCE Micromet, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6

Related medicine technology :

1. Micromet Announces Changes in Management Team
2. Micromet Announces the Publication of BiTE Antibody Review in Drugs of the Future
3. Micromet Announces Presentation of Five Posters Related to Its Proprietary BiTE Antibody Platform at Annual Meeting of American Association for Cancer Research
4. Micromet Demonstrates That the Antibodies in Commercial Products Herceptin, Erbitux, Vectibix and Xolair Can Be Converted Into Highly Potent, T Cell- Engaging BiTE Antibodies
5. Micromet Presents Safety and Efficacy Data from Primate Studies With Two New BiTE Antibodies Developed for Treatment of Leukaemia and Melanoma
6. Micromet Shows Feasibility of Subcutaneous Delivery of BiTE Antibody in Preclinical Primate Study
7. Micromet Enrolls First Patient in a Phase 1 Clinical Trial with MT110, the First BiTE Antibody for Treatment of Solid Tumors
8. Micromet to Present Clinical Update for BiTE Antibody MT103/MEDI-538 at the International Conference on Malignant Lymphomas
9. Micromets BiTE Antibody Blinatumomab (MT103/MEDI-538) Demonstrates Durable Responses in Patients with Relapsed Non-Hodgkins Lymphoma
10. Micromet and MedImmune Commence Treatment in Phase 2 Trial of BiTE Antibody Blinatumomab (MT103/MEDI-538) in Patients with Acute Lymphoblastic Leukemia
11. Micromet and Nycomed Begin Formal Preclinical Safety Studies for Antibody MT203 for Inflammatory and Autoimmune Diseases
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/21/2015)... 20, 2015 Research and Markets( http://www.researchandmarkets.com/research/pw67sw/xray_market ) has ... Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" ... America held the largest share of 34.6% of ... Asia Pacific and Europe . ... of the U.S. and Canada that ...
(Date:5/21/2015)... og BERKELEY, California ... --  CMC Biologics, Inc. , som er af ... kommerciel produktion af terapeutiske proteiner, meddelte i dag, ... udvidelse af den globale produktionskapacitet, udvider produktionskapaciteten på ... Logo -  http://photos.prnewswire.com/prnh/20110502/SF93356LOGO Kunderne ...
(Date:5/21/2015)... , May 21, 2015  Juniper Pharmaceuticals, ... pharmaceutical company focused on developing therapeutics that address ... that CEO Frank Condella will present ... follows:Date: , Thursday, June 4, 2015Time: , 1:00 ... archive): , www.juniperpharma.com, under  ,Investor, or  ...
Breaking Medicine Technology:X-Ray Market: Global Industry Analysis 2014 - 2022 2CMC Biologics udvider GMP-produktionskapacitet i Europa 2Juniper Pharmaceuticals to Present at Jefferies 2015 Global Healthcare Conference on June 4, 2015 2
(Date:5/22/2015)... NY (PRWEB) May 22, 2015 Steven ... Housing, Marc Zuluaga, has been selected by Consulting-Specifying Engineer ... The award winners are featured in the May/June issue ... 40 building industry professionals age 40 and younger who ... building community, as well as in other areas of ...
(Date:5/22/2015)... Portland, Maine (PRWEB) May 22, 2015 ... in single-use swabs for the medical, diagnostic, environmental, ... their entire line of products in the US. ... moving their operations outside the US, Puritan remains ... of products at their Guilford, Maine facility. , ...
(Date:5/22/2015)... India Network Foundation sponsors various community events in ... India Network Visitor Health insurance is one of ... hundreds and thousands of families every year. India ... famous playback singer from Mumbai, Smt. Anuradha Paudwal to ... Florida activities. , Anuradha Paudwal is a ...
(Date:5/21/2015)... (PRWEB) May 21, 2015 The Johns ... University of Maryland, Baltimore Commercial Advisory Board has selected ... Health Care System as one of two $50,000 Abell ... ankle robot research, known as Anklebot. Developed by ... in collaboration with the University of Maryland School of ...
(Date:5/21/2015)... York, New York (PRWEB) May 21, 2015 ... The Atmananda Yoga Studio and Sequence, is excited ... Atmananda Yoga Mat™, which was previously available for use ... Atmananda Yoga Mat™ unique is that it's mathematically ... prevent serious joint injuries and muscle strains, commonly ...
Breaking Medicine News(10 mins):Health News:Steven Winter Associates’ Marc Zuluaga Earns Innovative Engineering Award 2Health News:Maine Swab Company Celebrates 96 Years of American-made Products 2Health News:India Network Visitor Health Insurance Announces Corporate Sponsorship of Anuradha Paudwal Musical in Orlando to Help Fundraise for Hindu Society of Central Florida. 2Health News:VA Maryland Health Care System Researchers Selected for Abell Foundation Innovation Award 2Health News:VA Maryland Health Care System Researchers Selected for Abell Foundation Innovation Award 3Health News:NY's Atmananda Yoga Studio Launches Its Patented "Alignment" Yoga Mat for Public Sale 2
... anti-estrogen breast cancer medication, may reduce an individual,s risk of ... , a peer-reviewed journal of the American Cancer Society, the ... on lung cancer and that estrogen levels play a role ... that menopausal hormone therapy increases women,s risk of dying from ...
... , SATURDAY, Jan. 22 (HealthDay News) -- Snow shoveling is ... deaths and 11,500 emergency department visits each year in the ... most of the problems occur among adults, kids under 19 ... found. The analysis of data from 1990 to 2006 ...
... N.Y. -- Researchers from Upstate New York institutions, ... levels of two industrial pollutants in carp in ... scientific work demonstrating the lasting environmental effects of ... Lakes. The two contaminants the scientists studied ...
... (HealthDay News) -- A person,s perception of time may be influenced ... a new study. And that means that outside stimuli can ... say. "There are many proposals for how an internal clock ... the brain that keeps track of time. It may be that ...
... Angeles Society of Pathologists, Inc. presented its Lifetime Achievement ... at Los Angeles Biomedical Research Institute at Harbor-UCLA Medical ... is an organization of more than 350 members from ... pathology. Dr. French has been affiliated with LA BioMed ...
... HealthDay Reporter , THURSDAY, Jan. 20 (HealthDay News) -- You ... night with Fido or Fluffy. According to a report ... Emerging Infectious Diseases , seemingly healthy pets can carry ... in people. Of the 250 zoonotic diseases -- infections ...
Cached Medicine News:Health News:Anti-estrogen medication reduces risk of dying from lung cancer 2Health News:Snow Shoveling Injuries Affect Old and Young, Expert Warns 2Health News:Scientists find industrial pollutants in Eastern Lake Erie carp 2Health News:Scientists find industrial pollutants in Eastern Lake Erie carp 3Health News:People Appear to Use Senses to Keep Track of Time 2Health News:Pets May Pass Illnesses to Owners 2Health News:Pets May Pass Illnesses to Owners 3
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
Medicine Products: