MYOS Corporation Announces Strategic Investment by RENS Technology Inc.
CEDAR KNOLLS, NJ--(Dec 17, 2015) - MYOS Corporation ("MYOS" or the "Company") (NASDAQ: MYOS)
- Private placement of up to approximately $30.4 million, comprised of approximately $20.3 million for common stock over a 24-month period and potential cash proceeds of approximately $10.1 million from exercise of warrants
- Issuance of $575,000 convertible note for bridge financing
- Exclusive distribution agreement to distribute MYOS' products in China and Southeast Asia
- Appointment of K. Bryce Toussaint as Chief Executive Officer
-
Expansion of biotherapeutic research and development program
- Published: 17 December 2015
- Written by Editor