OncoSec Medical Raises $3M

7/5/11

San Diego’s OncoSec Medical, which trades on the over-the-counter bulletin board as ONCSD, recently raised $3 million through a private stock placement with rights to acquire additional securities at set prices, according to a regulatory filing. In a statement last week, the company says the deal includes a series of warrants that enables the buyer to purchase additional shares of the company’s common stock at either 75 cents a share or $1.20 a share. Founded in 2008, OncoSec has been developing a proprietary electroporation delivery technology that is intended to make cancer cells more vulnerable to chemotherapeutic or novel DNA-based immunotherapeutics.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @

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