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Vancouver biotech company raises $4.3M

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CytoDyn, which is developing an HIV drug, has completed a capital raise of $4.3 million, according to a filing with the U.S. Securities and Exchange Commission. The Vancouver-based biotech company finalized a private placement of 4.3 million shares of common stock and accompanying five-year warrants to purchase up to 1 million shares of common stock, at a combined price of $1, according to Seeking Alpha. In January, CytoDyn (CYDY on the Over-The-Counter exchange) raised $33 million in equity. The…

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