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AmpliPhi Biosciences closes $3M direct offering

AmpliPhi Biosciences Corp. closed its previously announced registered direct offering for gross proceeds of about $3 million.

The San Diego-based developer of therapies for antibiotic-resistant infections sold 2,743,640 common shares at $1.10 per share as part of the offering.

Net proceeds will go toward general corporate purposes, including expenses for manufacturing, clinical trials and research and development.

H.C. Wainwright & Co. was the exclusive placement agent for the offering.