News... A very good sign.Regards, DH
Adherex Technologies Inc. Quick Quote: AHX 0.57 (+0.06)
OrbiMed Advisors, LLC: Press Release
5/28/04
NEW YORK, NEW YORK, May 28, 2004 (CCNMatthews via COMTEX) --
CANADA ONLY
Pursuant to a private placement on May 20, 2004, OrbiMed, acting on behalf of various of its investment advisory clients, acquired from Adherex Technologies Inc. beneficial ownership of 3,773,585 common shares and 1,886,792 warrants c
onvertible into common shares which, together with its holdings of 11,450,000 common shares and 5,725,000 warrants convertible into common shares, represents aggregate ownership of approximately 13.01% of the total outstanding common shares of Adherex.
OrbiMed invests in the biotechnology and pharmaceutical sectors and may increase or decrease its holdings in Adherex depending on market conditions and other relevant factors.
OrbiMed Advisors, LLC Eric Bittelman (212) 739-6400 bittelmane@orbimed.com 767 Third Avenue, 30th Floor, New York, NY 10017
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