Orbus Pharma Inc. Announces Completion Of Private Placement Financing

TORONTO, ONTARIO--(CCNMatthews - April 28, 2006) - Orbus Pharma Inc., (TSX:ORB) (“Orbus”) today announced that it has completed its previously announced private placement financing. Under the financing, Orbus issued 12,888,750 Units for gross proceeds of $5,155,500 before payment of fees to arm’s length parties in connection with the placement of $251,130 and other expenses of the offering.