Friday, March 30, 2012

Nile Therapeutics, Inc. to Raise $1.4 Million in Registered Direct Offering

SAN MATEO, Calif., March 30, 2012 /PRNewswire/ -- Nile Therapeutics, Inc. (OTCQB: NLTX), a biopharmaceutical company that develops novel therapeutics for heart failure patients, today announced that it has entered into a definitive agreement to sell 3.6 million shares of its common stock at a price per share of $0.40 for aggregate gross proceeds of $1.44 million.  In addition, each investor will also receive three-fourths of a warrant to purchase an additional share of common stock at an ini...continued
    

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