NeoTherapeutics Nets $5-Million Investment
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IAT ReInsurance Syndicate Ltd. increased its stake in NeoTherapeutics Inc. to about 13% by acquiring 1.25 million shares of the Irvine pharmaceutical company and 125 warrants at an exercise price of $5 per share, NeoTherapeutics said. The company said it raised about $5 million through the transaction.
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