MEI Pharma raises $75M in private placement

MEI Pharma Inc. (NASDAQ:MEIP) raised $75 million on May 14 through the sale of 33 million units at $2.27 in a private placement led by Vivo Capital and CAM Capital. Also participating were New Enterprise Associates, Perceptive Advisors, the Biotechnology Value Fund (BVF), Boxer Capital, Amzak Health, and other new and existing investors.

The unit price is a 2% premium to MEI's May 11 close of $2.23. Each unit comprises a share and a warrant to purchase 0.5 additional shares, with each whole warrant exercisable at $2.54...