Brian Pharmaceuticals Inc.: The company said Wednesday...

Brian Pharmaceuticals Inc.: The company said Wednesday that it has agreed to hire Everest Securities, an investment bank in Minneapolis, to raise $2.5 million.

Proceeds from the private placement would be used to further ongoing research and development efforts as well as to market one of the Laguna Hills company's FDA-approved solutions, according to its president, John Budd.

Brian Pharmaceuticals develops germ-killing topical agents used in soaps marketed to hospitals and other health-care facilities, such as clinics and labs. Brian also develops products for the consumer market and food service industry.

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