Fundraising update
September 15 2010 - 11:00AM
UK Regulatory
TIDMMEDG
RNS Number : 7686S
Medgenics Inc
15 September 2010
Medgenics, Inc.
('Medgenics' or the 'Company')
Fund raising update
15 September 2010
Medgenics, Inc. (AIM: MEDG, MEDU), the company that has developed a novel
technology for the manufacture and delivery of therapeutic proteins continuously
in patients using their own tissue, announces that, further to the announcement
dated 24 August 2010 it has not yet closed its sale of new convertible
debentures and has decided to extend the closing date of this debenture issue
until the end of September 2010. The Directors are confident that the debenture
round will close successfully and the Company will announce the result of the
debenture round at such time.
For further information, contact:
+--------------------------------------+------------------------+
| Medgenics, Inc. | Phone: +972 4 902 8900 |
| Dr. Andrew L. Pearlman | |
| | |
+--------------------------------------+------------------------+
| Religare Capital Markets (Nominated | Phone: +44 207 444 |
| Adviser) | 0800 |
| James Pinner | |
| Derek Crowhurst | |
| | |
+--------------------------------------+------------------------+
| SVS Securities plc (Joint Broker) | Phone: +44 207 638 |
| Ian Callaway | 5600 |
| | |
+--------------------------------------+------------------------+
| Nomura Code Securities PLC (Joint | Phone: +44 207 776 |
| Broker) | 1219 |
| Jon Senior | |
| | |
+--------------------------------------+------------------------+
| De Facto Communications | Phone: +44 20 7861 |
| Mike Wort | 3838 |
| Anna Dunphy | |
| | |
+--------------------------------------+------------------------+
| Grayling (Investment Relations - US) | Phone: +1 646 284 |
| Leslie Wolf-Creutzfeldt | 9472 |
+--------------------------------------+------------------------+
Notes to Editors:
About Medgenics:
Medgenics is a commercial-stage biopharmaceutical company developing its unique
tissue-based Biopump platform technology to provide sustained-action protein
therapy for the treatment of a range of chronic diseases. The first revenue
generating commercial deal with a well-known multinational pharmaceutical
company was negotiated in late 2009 and we look forward to generating additional
deals to further commercialise the Biopump platform technology.
For more information please visit: www.medgenics.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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