RALEIGH, N.C., March 1, 2010 (GLOBE NEWSWIRE) -- DARA BioSciences, Inc.® (Nasdaq:DARA), a biopharmaceutical development company, today announced that on February 26, 2010 it closed a private placement financing with certain existing accredited individual investors. The Company-managed financing transaction raised approximately $1.7 million through the sale of units comprised of 3,652,136 shares of common stock and warrants to purchase 1,826,068 shares of common stock.
