Xconomy » Novelos Therapuetics http://www.xconomy.com Business + Technology in the Exponential Economy Fri, 10 Feb 2012 07:40:35 +0000 http://wordpress.org/?v=3.0.4 en hourly 1 http://wordpress.org/?v=3.0.4 Novelos Raises $3M in Stock Sale http://www.xconomy.com/boston/2008/08/18/novelos-raises-3m-in-stock-sale/ Mon, 18 Aug 2008 13:56:46 +0000 Ryan McBride http://www.xconomy.com/?p=4354 Ryan McBride

Novelos Therapuetics (OTC:NVLT), a Newton, MA, developer of treatments for cancer and hepatitis, announced today that it has raised $3 million through the private placement of 4.6 million shares of common stock for 65 cents per share. Novelos CEO Harry Palmin said in a statement that the proceeds of the private placement would fund the firm’s development programs through the end of the year.

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