May 28, 2015 / 6:22 AM / 2 years ago

BRIEF-Biofrontera says 1,377,272 shares placed in capital increase

May 28 (Reuters) - Biofrontera AG :

* Said on Wednesday 1,377,272 shares placed in capital increase

* Said proceeds of the issue amount to approx. 3.1 million euros ($3.39 million)(net)

* Said proceeds would be used to cover "PDUFA Fee" of US$ 2.335 million that Biofrontera will have to pay to the FDA prior to submitting the dossier for its medicament Ameluz

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