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NeoTherapeutics Nets $5-Million Investment

March 14, 2001

IAT ReInsurance Syndicate Ltd. increased its stake in NeoTherapeutics Inc. to about 13% by acquiring 1.25 million shares of the Irvine pharmaceutical company and 125 warrants at an exercise price of $5 per share, NeoTherapeutics said. The company said it raised about $5 million through the transaction.

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