2.16, 2009
UMN Pharma Secures additional investment from IPEC.
UMN Pharma Inc. today announced that it has secured an additional
investment of roughly $2 million as part of an existing construction
agreement with IHI Plant Engineering Corporation (headquartered in
Tokyo, hereinafter referred to as "IPEC"), an affiliate of IHI
Corporation. The investment was triggered by successful UMN-0501 Phase
I/II study results that met certain predetermined criteria. UMN Pharma
believes that this funding will serve to further strengthen the
collaboration with IPEC.






