IsoRay raises $5 million

Medical isotope developer IsoRay Medical received funding of $5 million through the issuance of 2 million shares of common stock at $2.50 per share and warrants to purchase 2.2 million shares of its common stock at $3 per share.

The Richland, WA, company produces cesium-131 brachytherapy seeds to treat prostate and other cancers.

By AuntMinnie.com staff writers
August 18, 2006

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IsoRay begins cesium-131 production testing

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IsoRay adds medical advisor, February 1, 2006

IsoRay, IBt notch technology agreement, January 3, 2006

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