As the condition proceeds to escalate at an epidemic price.

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Biodel enters definitive securities buy agreement with institutional investors Biodel Inc. 9 million shares of its capital warrants and stock to get approximately 2.7 million shares of its common stock.35 of a share of common stock.355, leading to gross proceeds to Biodel, before deducting placement brokers’ fees and estimated offering expenses of around $18.5 million. The Series B Convertible Preferred Share is nonvoting.98 percent of the full total number of Biodel shares of common stock outstanding following such conversion.66.