IsoRay gains $4.3 million in financing agreement

IsoRay, Inc., a Richland-based developer of cancer therapies, has announced a securities purchase agreement with an investor to sell $2.25 million in common stock with the potential of $2,075,000 in additional funding. IsoRay plans to use net proceeds from the financing on several fronts including support of the company’s catheter device used in treating brain cancer.

Read the IsoRay press release

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