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Ampio Pharmaceuticals to raise about $6.8M

Ampio Pharmaceuticals Inc. is looking to raise $6.8 million via the sale of shares priced at 87.5 cents apiece.

The company intends to use the net proceeds from this offering for working capital and general corporate purposes.

Joseph Gunnar & Co. LLC and Fordham Financial Management Inc. are acting as placement agents for the offering, which is expected to close by Oct. 18.