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TEL AVIV (MarketWatch) -- ARYx Therapeutics Inc., the Fremont, Calif., biopharma company, said investors plan to buy 9.6 million common shares and warrants to buy another 2.9 million shares. The deal gives the company gross proceeds of $21.6 million. The combined price to buy one common share and one warrant to buy 0.3 share in the deal is $2.2375, ARYx said. The company's shares closed Tuesday at $2.20. The buyers include a new investor, New Enterprise Associates, as well as existing holders including MPM Capital and OrbiMed Advisors. Pacific Growth Equities is placement agent for the shares. Separately, the company swung to third-quarter net income of 17 cents a share from a loss of $6.30 a share in the year-earlier period. Revenue was $17.5 million compared with $1 million. The one-time increase in profit and revenue came as ARYx received the rest of a nonrefundable license fee from Procter & Gamble Pharmaceuticals, ARYx said. P&G terminated a collaboration agreement covering ARYx

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Israel stocks drop, with holding companies and chemicals producers lower, but with Nice systems offsetting the downtrend after reporting earnings.

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Bayer CropScience is aiming to help make a "second green revolution? possible in Asia by developing new, high-yielding varieties of rice. The company plans to expand substantially the breeding and ...

BioTrove, Inc. announced it has formed a research collaboration with Constellation Pharmaceuticals in which Constellation will utilize BioTrove's RapidFire® Mass Spectrometry (RF-MS) system to ...

ArQule, Inc. and Daiichi Sankyo Co., Ltd. announced that they have entered into two agreements that form the basis of a strategic relationship for the development and discovery of novel oncology ...