Brief: Advicenne Signs 20 Million Euros Financing Agreement With European Investment Bank

Advicenne SA

18/07/2019 18:17

July 18 (Reuters) - ADVICENNE SA  ADVIC.PA :
    * FINANCIAL VISIBILITY AND ACCELERATED DEVELOPMENT -
ADVICENNE
SIGNS € 20 MILLION FINANCING AGREEMENT WITH EUROPEAN INVESTMENT
BANK TO SUPPORT FUTURE DEVELOPMENT
    * FINANCING IS STRUCTURED IN THREE TRANCHES OF EUR 7.5
MILLION,
EUR 5 MILLION AND EUR 7.5 MILLION, RESPECTIVELY
    * ADDITIONAL FUNDING WILL MAKE IT POSSIBLE TO EXTEND
COMPANY'S
FINANCIAL VISIBILITY WHILE IT PURSUES ITS CLINICAL RESEARCH IN
DRTA AND CYSTINURIA
    * LOAN WILL SUPPORT ADVICENNE'S LATEST STRATEGIC RESEARCH
AND
DEVELOPMENT INITIATIVES
    * LOAN WILL ALLOW COMPANY TO EXPAND ITS PORTFOLIO OF
INNOVATIVE
MEDICATIONS FOR RARE DISEASES

Source text for Eikon:  ID:nBw6vmk7Wa 
Further company coverage:  ADVIC.PA 

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