Oragenics, Inc. Completes $600,000 Financing

ALACHUA, Fla.--(BUSINESS WIRE)--March 7, 2006--Oragenics, Inc. (AMEX:ONI) announced today that it has completed its anticipated equity based financing with a group of accredited investors. The $600,000 financing, which was over-subscribed, provides for the issuance of 1,500,000 shares of common stock at a price of $0.40 per share and the issuance of an equal number of warrants to purchase shares of common stock that will be exercisable at $0.60 per share. Four directors of the Company participated by investing $310,000.