6/27/2013 9:57:57 AM
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RICHMOND, Va. & COLWORTH, England & SYDNEY--(BUSINESS WIRE)--AmpliPhi BioSciences Corp. (OTC:APHB), the world leader in the development of bacteriophage-based antibacterial therapies to treat drug resistant infections, announced today the completion of a successful private placement of convertible preferred stock with gross proceeds of $7 million. The financing was led by established life-sciences investors RA Capital Management and Third Security, LLC, with participation from BioScience Managers Pty Ltd.
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