[rtl:3j1wvif4]PROLOR Biotech, Inc. announced that it has raised $24.4 million in a private placement of 10,382,975 shares of its common stock, par value $0.00001 per share, to accredited investors at a price of $2.35 per share. The shares have not been registered and no registration rights have been granted to investors for these shares. In addition,
the shares are subject to a one-year lockup agreement. Jefferies & Company, Inc. served as Lead Placement Agent on the transaction. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., served as co-placement agent.[/rtl:3j1wvif4]