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Opko Health completes $31 million private placement

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MIAMI — Opko Health has completed a $31 million private placement with seven accredited investors, the company announced.

Each of the financiers, including Vector Group Ltd., Chung Chia Company Limited, Grandtime Associates Limited, Gold Sino Assets Limited, Oracle Partners LP, Oracle Institutional Partners LP and Nora Real Estate S.A., entered into investment transactions with Opko between May 26 and June 1, according to a press release from the company.

Under the terms of the investments, Opko will issue a total of 31 million shares of the company's common stock at a par value of $0.01 and priced at $1 per share.

These shares are restricted securities and have not been granted registration rights.