LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--BioSante Pharmaceuticals, Inc. (AMEX: BPA) today announced that it has completed its previously announced $18.3 million private placement of shares of its common stock and warrants to institutional and other accredited investors. A total of 3,054,999 shares of common stock were sold at a purchase price of $6.00 per share. Investors also received warrants to purchase 763,750 shares of common stock at an exercise price of $8.00 per share. Rodman & Renshaw, LLC served as lead placement agent with Oppenheimer & Co. Inc. serving as an additional placement agent for the transaction. Approximately half of the shares were placed with U.S.-based investors and half with Israel-based investors.
