DALLAS, Feb. 16, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring NexMed Inc. (Nasdaq:NEXM). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/NEXM
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NexMed Inc. (NEXM) is a pharmaceutical and medical technology company with a focus on developing and commercializing therapeutic products based on its delivery systems. The Company focuses its efforts on new and topical pharmaceutical products based on a penetration enhancement drug delivery technology known as NexACT. The Company's products under development include treatments for onychomycosis, psoriasis, erectile dysfunction, and for the treatment of female sexual arousal disorder.
In the report, the analyst notes:
"NEXM has experienced net losses and negative cash flows from operations each year since its inception. Through September 30, 2009, it had an accumulated deficit of $141,621,302. Its operations have principally been financed through private placements of equity securities and debt financing. Funds raised in past periods should not be considered an indication of the Company's ability to raise additional funds in any future periods.
"NEXM announced last week that it has raised $2.3 million in a private placement of promissory notes from two accredited U.S. investors. The promissory notes, due on or before August 4, 2010, are repayable at NEXM's option in either cash or shares of unregistered common stock at prices ranging from $0.36 to $0.40 per share. ... NEXM intends to use the proceeds raised from the transaction for general corporate purposes and to advance the applications of its NexACT delivery technology into the oral and biologics transdermal delivery space."
To read the entire report visit: http://www.beaconequity.com/i/NEXM
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