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DOR BioPharma, Inc. is a pharmaceutical company specializing in the oral and mucosal delivery of drugs and vaccines. Our Biotherapeutics Division is developing oral and mucosal drugs which have been traditionally delivered in non-oral formats. We anticipate our oral products will enhance patient quality of life, compliance to therapy as well as potentially reduce healthcare costs. The Company’s lead product, orBec™ (oral beclomethasone dipropionate), is currently in a pivotal phase III clinical trial for the treatment of intestinal graft-vs.-host disease and the Company is currently testing orBec™’s usefulness in treating a large percentage of persons diagnosed with irritable bowel syndrome (IBS), a disease which affects approximately 35 million persons in the U.S. alone.
Through our newly-formed Biodefense Division, we are developing vaccines for a series of biological agents that currently pose a significant bioterrorism or biowarfare threat. Our vaccines are based on the MicroVax™ technology, a proprietary encapsulation system that protects sensitive vaccine materials and permits their efficient delivery to the body’s immune system.
DOR BioPharma is listed on the American Stock Exchange, Symbol DOR.
July 18, 2003
DOR BioPharma Enters Into Agreements For a Private Placement of $5.4 Million
Financing Led By Top Tier Biotechnology Investors
Lake Forest, IL – July 18, 2003, DOR BioPharma Inc. (AMEX: DOR) announced that it has entered into definitive agreements for the sale of securities in a private placement to selected institutional and accredited investors for gross proceeds of approximately $5.4 million.
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