Financings in Brief: Advanced Mammography Systems
This article was originally published in The Gray Sheet
Executive Summary
Advanced Mammography Systems: Completes $1.5 mil. private placement consisting of 1.2 mil. shares of common stock and three-year warrants to buy 1.3 mil. additional shares. Proceeds are earmarked for expanded marketing of the firm's Aurora magnetic resonance breast imaging system, which was cleared by FDA in February 1996 ("The Gray Sheet" March 4, 1996, I&W-4). Negotiations for $10 mil. in additional financing are ongoing, the firm states...