SOURCE: John Thomas Financial

John Thomas Financial

July 19, 2011 08:45 ET

John Thomas Financial Raises $40 Million in Private Equity Placement for Kadmon I

NEW YORK, NY--(Marketwire - Jul 19, 2011) - John Thomas Financial, an independent broker/dealer and investment-banking firm located in New York City's Financial District, today announced its participation in a successful private equity placement for Kadmon I, LLC, the investment vehicle for Kadmon's operations, including Kadmon Corporation.

Kadmon, headquartered in New York City, is a privately held biopharmaceutical company pioneering medicines in oncology, infectious diseases, immunology and other serious diseases. The Company currently commercializes products for the treatment and management of hepatitis C and is advancing a robust pipeline of therapeutic candidates in various stages of development.

Proceeds from the equity placement will support Kadmon Corporation's ongoing operations, and build the Company's diversified research, development and commercial assets.

John Thomas Financial CEO Thomas Belesis says he saw an exceptional opportunity with Kadmon, one that highlights John Thomas Financial's core values. "Kadmon is breaking ground in the biopharmaceutical industry and we are proud to have a relationship with a company helping people fight serious disease. The Company has built a new model for bringing innovative medicines to patients more rapidly and cost effectively," said Belesis.

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About John Thomas Financial

John Thomas Financial, a member of FINRA and SIPC, is an independent broker-dealer and investment banking firm headquartered in New York City's Wall Street district. Emphasizing a client-centric approach to managing all aspects of its business, John Thomas Financial and its affiliates offer a full complement of retail brokerage, private wealth management, and corporate advisory services tailored to the unique needs of its clients. The firm publishes the Fiscal Liquidity Index a unique daily indicator that looks at government spending and its impact on the financial markets, as well as The John Thomas Financial Economic Outlook, a research report analyzing consumer sentiment, market outlook, credit cycles and dozens of other market influences. For more information on the firm, please visit: www.johnthomasbd.com.

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