LAB International Raises $12.3 Million In Private Placement

LAVAL, Dec. 13 /CNW Telbec/ - LAB International Inc. (TSX: LAB, Frankfurt: LD9.F, XETRA: LD9.DE) (“LAB”), an integrated drug development company with subsidiaries focused on developing therapies for the inhalation market and on providing contract research services, today announced that it has raised $12.3 million through the non-brokered private placement of 13 996 466 common shares at a price of $0.88 per share.