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News Stories (22 Results) - Biotechnology

Interpace Biosciences, along with its subsidiaries, entered into a new $7.5 million revolving credit facility with Comerica Bank. The facility matures on September 30, 2023 and allows for advances based on 80% of eligible accounts receivable plus an... Read Story

October 18, 2021, 07:09 AM

Aptinyx, a clinical-stage biopharmaceutical company developing transformative therapies for the treatment of brain and nervous system disorders, entered into a $50 million loan facility and security agreement with K2 HealthVentures (K2HV). The funds... Read Story

September 16, 2021, 07:42 AM

Kane Biotech entered into an amended and restated credit agreement with Pivot Financial dated August 31, 2021.The Amended Credit Facility amends and restates the existing credit agreement with Pivot dated November 5, 2020, increasing the credit... Read Story

September 03, 2021, 07:11 AM

Runway Growth Capital closed a senior secured term loan of $35 million to SetPoint Medical, a Valencia, California based, privately-held clinical-stage bioelectronic medicine company developing therapies for chronic autoimmune diseases.In the past... Read Story

July 14, 2021, 07:43 AM

INmune Bio entered into a new $15 million credit facility with Silicon Valley Bank (SVB) and an affiliate of SVB Financial Group. INmune intends to use the proceeds from the facility to partially fund the buyout of an option held by Xencor, Inc.... Read Story

June 15, 2021, 07:30 AM

Cerecor Inc. entered into a debt financing agreement led by Horizon Technology Finance Corporation to provide up to $35.0 million in term loans.“We are pleased to partner with Horizon, a leading specialty finance company that has an extensive history... Read Story

June 07, 2021, 08:06 AM

HiberCell completed a Series B financing round for gross proceeds of $67.4 million. Concurrent to this financing, HiberCell closed on a $30 million debt facility with Hercules Capital.The Series B round included new investors Huizenga Capital... Read Story

May 20, 2021, 07:05 AM

SCYNEXIS secured a $60 million term loan facility with Hercules Capital and Silicon Valley Bank (SVB). The capital strengthens SCYNEXIS’ balance sheet ahead of the anticipated commercial launch of Brexafemme, the expected trade name for ibrexafungerp... Read Story

May 17, 2021, 08:00 AM

Abacus Finance Group served as Administrative Agent and Sole Lead Arranger for senior secured credit facilities to support the refinance of LifeSpan Biosciences, Inc. (LSBio) by Thompson Street Capital Partners. Abacus also made an equity... Read Story

April 12, 2021, 07:31 AM

According to an 8K filed with the SEC, on March 8, 2021, Illumina, Inc. entered into a credit agreement by and among the Company, as the borrower, the lenders from time to time party thereto and Bank of America, as administrative agent.The Credit... Read Story

March 09, 2021, 05:00 AM

Radius Health announced that the Company has entered into amended and restated credit facilities in the aggregate principal amount of $175 million, consisting of a $150 million term loan, which includes a cashless conversion of $25 million in... Read Story

March 04, 2021, 08:05 AM

Harvard Bioscience, Inc. announced the refinancing of its debt with the closing of a new $65 million credit facility. Proceeds from the new facility will be used to retire existing debt and pay related fees and expenses. The Refinancing significantly... Read Story

December 23, 2020, 08:35 AM

Verona Pharma plc, a clinical-stage biopharmaceutical company focused on respiratory diseases, announces that it has entered into a debt financing facility for up to $30 million (“debt facility”) with Silicon Valley Bank (SVB). The non-dilutive... Read Story

November 23, 2020, 08:15 AM

Fortress Biotech, an innovative revenue-generating company focused on acquiring, developing and commercializing or monetizing promising biopharmaceutical products and product candidates cost-effectively, announced that it has entered into a $60... Read Story

August 28, 2020, 08:05 AM

InformedDNA, the nation’s largest provider of genetics services, announced that it has entered into definitive agreements with TT Capital Partners (TTCP), NovaQuest Capital Management (NovaQuest) and Frist Cressey Ventures to make meaningful growth... Read Story

December 24, 2019, 08:50 AM

Capital One announced today that it acted as a joint lead arranger for a senior secured credit facility for STEMCELL Technologies, a Canada-based biotechnology and life science company. The financing consists of a revolving line of credit and a... Read Story

August 20, 2019, 08:50 AM

Meridian Bioscience has entered into a $125 million revolving credit facility credit agreement, it said in a regulatory filing.The credit agreement, which took effect on May 24, replaces the Cincinnati-based company's loan and security agreement... Read Story

June 03, 2019, 08:47 AM

Fueled by a desire for innovation and new medical breakthroughs, the biotech industry continues to enjoy substantial growth due to increased investment in research and development (R&D), according to the sixth annual study from BDO USA, LLP.The 2017... Read Story

July 17, 2017, 07:30 AM

Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, and Silicon Valley Bank announced the closing of a $20 million credit facility with Castle Biosciences, Inc., a privately held... Read Story

May 10, 2017, 07:18 AM

T2 Biosystems, Inc., a company developing innovative diagnostic products that improve patient health and deliver a strong economic return to healthcare institutions, today announced that it has entered into a $50 million debt facility agreement with... Read Story

January 06, 2017, 07:30 AM

Ocata Therapeutics, Inc. has entered into a secured term loan facility of up to $10 million with Silicon Valley Bank. Ocata received initial funding of $6 million and has a conditional option to receive an additional $4 million upon the successful... Read Story

August 20, 2015, 07:15 AM

Oxford Finance and Silicon Valley Bank announced the closing of a credit facility, including a $10 million senior secured term loan and a $7 million line of credit, with Labcyte Inc. Labcyte is a global biotechnology tools company that is... Read Story

May 06, 2015, 07:34 AM