Pharmaxis Announces Placement of $47 Million and Share Purchase Plan

4th Jun 09

Release Date: 04/06/2009 12:00am

Pharmaxis (ASX: PXS, Nasdaq: PXSL) today announced that it had raised A$47 million
through a placement of 20 million shares at A$2.35 to Australian and international institutions and professional investors.
The placement strengthens the company's balance sheet as Pharmaxis moves toward the
European and U.S. commercial launch of its product Bronchitol for cystic fibrosis.

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