VioQuest Pharmaceuticals, Inc. Completes Final Closing of Previously Announced Private Placement

BASKING RIDGE, N.J.--(BUSINESS WIRE)--VioQuest Pharmaceuticals (OTCBB: VQPH) announced today that it has completed its previously announced private placement raising an aggregate of approximately $3 million through the sale of units consisting of shares of its Series A Convertible Preferred Stock and warrants to purchase shares of its Common Stock, pursuant to a series of subscription agreements with selected accredited investors.

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