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BRIEF-Immune Pharmaceuticals announces private placement of up to $3.4 mln

May 4 Immune Pharmaceuticals Inc

* Immune Pharmaceuticals announces private placement of up to $3.4 million

* Has entered into definitive agreements with institutional investors for private placement of up to $3.4 million of convertible debentures

* Debentures are convertible at any time into up to 1.25 million shares of Co's common stock at conversion price of $2.89 per share

* Investors will receive up to 680,000 shares of company's common stock Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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