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CytoDyn raises $9.9M through private placement

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CytoDyn raises $9.9M through private placement

Vancouver, Wash.-based CytoDyn Inc. raised approximately $9.9 million via the sale of 19,823,260 units at 50 cents apiece.

Each unit was made up of a common share and a warrant to purchase an additional stock at 75 cents each.

CytoDyn is developing treatments for HIV.