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InVivo exceeds private placement by $2.5M

Mon, 12/06/2010 - 5:33am
Mass High Tech: The Journal of New England Technology

InVivo Therapeutics today said that its previously announced $10.5 million private placement actually brought in $13 milion with additional units being purchased by Spencer Trask Ventures Inc., which served as placement agent and financial advisor.

InVivo, a Cambridge company working on a polymer-based treatment of spinal cord injuries, announced the private placement on Oct. 27, at the same time that it reported on a reverse merger conducted by InVivo Therapeutics Holdings Corp. (OTCBB: NVIV), a wholly owned subsidiary of that holding company.

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