Senesco Technologies, Inc. and Global Health Ventures, Inc. Close On Financing Print E-mail
By Staff and Wire Reports   
Thursday, 30 December 2010 20:29
Below is a look at some of the headlines for companies that made news in the healthcare sector on December 30, 2010.

Senesco Technologies, Inc. (AMEX:SNT) announced that the Company recently closed on approximately $10.3 million of its previously announced private placements with institutional and accredited investors. The Company primarily intends to utilize the proceeds of this private placement to help advance its multiple myeloma research and development program with the goal of initiating a Phase 1b/2a clinical trial for multiple myeloma. The Companyfiled a Form 8-K , on March 29, 2010, which described the material terms of the transaction documents. The remaining $1.2 million in gross proceeds will be closed upon following the receipt of stockholder approval.


Global Health Ventures Inc. (OTC:GHLV) announced that it has completed a non-brokered private placement using Regulations S (Reg S) Exemption from the registration statement. Each share purchase warrant is exercisable into one additional common share of the Company at a price of $1.20 per share until April 08, 2015. The Company issued 625,000 units at a price of $0.80 per unit for gross proceeds of $500,000.


Also Thursday:


CytoSorbents Corporation (OTCBB: CTSO), a critical care focused company using blood purification to treat life-threatening illnesses, announced that Dr. Phillip Chan, Chief Executive Officer, will present at the OneMedForum 2011 Conference for Emerging Healthcare and Life Science Companies on Tuesday, January 11, 2011 in San Francisco at the Sir Francis Drake Hotel.

Medical Marijuana Inc (PINKSHEETS:MJNA) announces that its division, The Hemp Network® www.thehempnetwork.com, has made an agreement with a Guatemalan Cooperative for the production and manufacture of Hemp-related products.

mPhase Technologies, Inc. (OTCBB: XDS) announced today that it will recommence active efforts in January of 2011 to secure federal funding for its scalable smart reserve cell technology, one of the line items included in the Fiscal Year 2011 Defense Appropriations bill that was passed in the United States House of Representatives.

Microholdings US (PINKSHEETS: MCHU) announced today the launch of its new web-site, which incorporates all of its latest activity in regards to acquisitions and most current financial information.

Sigma-Aldrich® Corporation (Nasdaq:SIAL) announced today it has acquired all outstanding shares of Cerilliant Corporation of Round Rock, Texas to strengthen the Company's analytical chemistry product portfolio and to continue to deliver on its strategic growth plans.

Vapor Corp. (OTCBB: VPCO), the market leader in the design, marketing and distribution of electronic cigarettes, said today it looks forward to working with FDA as the agency examines regulatory options following a recent federal court decision affirming the agency's authority to potentially regulate so-called "electronic cigarettes" under the federal Tobacco Control Act.



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