Botanical drug developer Bionovo Inc. plans to raise $10 million by selling convertible preferred stock and warrants to buy up to 240 million shares of common stock.
The Emeryville company (Pink Sheets: BNVI) focuses on using traditional Chinese medicines for women’s health and cancer indications. Its lead drug candidate, Menerba, is designed to treat “hot flashes” during menopause.
No comments:
Post a Comment