Strengthen Cash Position
$15 million PIPE @ $15.00 per share in stages over 10 months, matching warrants at market price
- 15,000 units @ $1,000 per unit by 9/1/03
- Capacity up to 250,000 units
- Limited Asian territory, not including Japan
- Biopure will have a 25% interest in the joint venture
Marketing/Manufacturing License
Far East Joint Venture Letter of Intent (Non-binding)