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	<title>Xconomy &#187; Novelos Therapuetics</title>
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	<description>Business + Technology in the Exponential Economy</description>
	<pubDate>Sat, 21 Nov 2009 15:48:14 +0000</pubDate>
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		<title>Novelos Raises $3M in Stock Sale</title>
		<link>http://www.xconomy.com/boston/2008/08/18/novelos-raises-3m-in-stock-sale/</link>
		<pubDate>Mon, 18 Aug 2008 13:56:46 +0000</pubDate>
		<dc:creator>Ryan McBride</dc:creator>
				<category><![CDATA[Boston]]></category>
		<category><![CDATA[Boston briefs]]></category>
		<category><![CDATA[Novelos Therapuetics]]></category>
		<category><![CDATA[cancer]]></category>
		<category><![CDATA[hepatitis]]></category>
		<category><![CDATA[Harry Palmin]]></category>
		<category><![CDATA[deals]]></category>
		<category><![CDATA[biotechnology]]></category>
		<category><![CDATA[Life Sciences]]></category>

		<guid isPermaLink="false">http://www.xconomy.com/?p=4354</guid>
		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="text-transform:uppercase"><a href="http://www.xconomy.com/tag/novelos-therapuetics/">Novelos Therapuetics</a>, <a href="http://www.xconomy.com/tag/cancer/">cancer</a>, <a href="http://www.xconomy.com/tag/hepatitis/">hepatitis</a></div>
		 
		<strong>Ryan McBride wrote:</strong>
		<p>Novelos Therapuetics (OTC:<a href="http://finance.yahoo.com/q?s=NVLT">NVLT</a>), a Newton, MA, developer of treatments for cancer and hepatitis, <a href="http://www.novelos.com/">announced today</a> 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&#8217;s development programs through the end of the year.</p>
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