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Biodelivery Sciences raising $10 million via direct offering

April 20th, 2010

RALEIGH, NC – BioDelivery Sciences International Inc. (Nasdaq:BDSI), a specialty pharmaceutical company has entered into a definitive securities purchase agreement with a group of select institutional investors to purchase $10 million of its securities in a registered direct offering.

The company uses its proprietary patented drug delivery technologies to develop and commercialize, either on its own or in partnerships with third parties, new applications of proven therapeutics.

BDSI is focusing on developing products to meet unmet patient needs in the areas of pain management and oncology supportive care.

www.bdsi.com

 

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