Curon Receives Initial $3.2 Million of $11.3 Million Private Placement

Curon Medical announced that it has signed definitive agreements for the private placement of common stock to institutional investors for a total of $11.3 million, before transaction fees and expenses. The placement is structured to be completed in two closings, with the first closing having occurred on April 8, and the remaining closing being subject to stockholder approval.

PharmaLive (http://www.medadnews.com/News/Index.cfm?articleid=228021)