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Tigris Pharmaceuticals, Inc. Completes $6.5 Million Private Placement
Date:9/28/2010

induce apoptosis by down-regulating several pivotal oncogenic and tumor survival pathways.

"We are extremely pleased to have completed this financing round, which will enable Tigris to proceed with the development of our two most advanced clinical compounds," stated Edmundo Muniz, MD, PhD, Tigris' President and Chief Executive Officer, adding, "we are honored to have the support of a group of high quality investors, who have demonstrated confidence in our clinical prospects and our management team."

"I am very excited about the opportunity to invest in and lead this financing round for Tigris Pharmaceuticals," said Mr. Flanzraich. "The combination of Tigris' pipeline potential, proven leadership performance, and its vision for the future holds great promise for patients and investors."

The securities were offered to accredited investors in reliance on an exemption from the registration requirements of the Securities Act of 1993 (the "Securities Act").  The offering has not been registered under the Securities Act or any state securities or "blue sky" laws and the shares may not be offered or sold absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

About Tigris Pharmaceuticals, Inc

Tigris Pharmaceuticals, Inc. is a privately held biopharmaceutical company that develops therapeutic technologies to treat oncology and other human diseases.  Tigris is currently initiating a Phase II trial for AFP-464, a novel anticancer agent in patients with breast cancer and is also conducting a multi-center Phase I dose escalation study for GGTI-2418, another first-in-class agent, at Abramson Cancer Center at The University of Pennsylvania and Indiana University Melvin and Bren Simon Cancer Center.  

With a management team that has a proven track record in guiding molecules from the early stages of clinical development to successful
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SOURCE Tigris Pharmaceuticals, Inc.
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