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Life Biosciences LLC leads strategic investment of up to A$44.5 million (US$31.4 million) in Prana

Jan 02, 2019 - PR Newswire
Board and Executive Moves-Investments

PR Newswire

MELBOURNE, Australia and SAN FRANCISCO, Jan. 2, 2019 /PRNewswire/ -- Prana Biotechnology Ltd (ASX: PBT, NASDAQ: PRAN) ("Prana" or "the Company") has today announced that it has entered into a securities purchase agreement for a lead investment by Boston based Life Biosciences LLC ("Life Biosciences") to raise up to approximately A$44.5 million (approx. US$31.4 million).  Life Biosciences will initially invest US$7.5 million (approx. A$10.6 million), with the agreement allowin...