BRIEF-Vaccinex Announces $1.5 Mln Registered Direct Offering

Reuters03-27

March 27 (Reuters) - Vaccinex Inc :

* VACCINEX, INC. ANNOUNCES $1.5 MILLION REGISTERED DIRECT OFFERING AND CONCURRENT PRIVATE PLACEMENT PRICED AT-THE-MARKET UNDER NASDAQ RULES

* ENTERED INTO DEFINITIVE AGREEMENTS WITH CERTAIN INSTITUTIONAL INVESTORS FOR PURCHASE AND SALE OF 193,000 SHARES

* OFFERING AT A COMBINED PURCHASE PRICE OF $7.77 PER SHARE AND ACCOMPANYING WARRANT

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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