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Maryland’s RegeneRx selling $4.7M in stock

September 30th, 2009

BETHESDA, MD – REGENERX BIOPHARMACEUTICALS, INC. (NYSE Amex:RGN) has entered into a securities purchase agreement with new institutional investors for the sale of 4,512,195 shares of its common stock in a registered direct offering at 82 cents a share.

RegeneRx is focused on the discovery and development of novel peptides to accelerate tissue and organ repair. Currently, RegeneRx is developing three product candidates, RGN-137, RGN-259 and RGN-352 for dermal, ophthalmic, and cardiovascular tissue repair, respectively. RegeneRx is also developing RGN-457 for use in pulmonary indications such as cystic fibrosis.

Online: www.regenerx.com

 

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