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Hana Biosciences Completes Private Placement

October 13, 2009 (FinancialWire) — Hana Biosciences (OTCBB: HNAB) has completed its previously disclosed private placement of units of its securities consisting of shares of common stock and warrants. Hana realized total gross cash proceeds of approximately $12.4 million.

Net proceeds of the offering will be used to support completion of Hana’s pivotal Phase 2 clinical trial (rALLy) of Marqibo in adult patients with Philadelphia chromosome negative acute lymphoblastic leukemia and lymphoblastic lymphoma in second relapse or who failed two prior lines of treatment. The proceeds will also support Hana’s planned regulatory activities related to Marqibo including New Drug Application preparation and submission.

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