Brief: Alx Oncology Enters $100 Million Loan Facility Agreement With Oxford Finance And Silicon Valley Bank

ALX Oncology Holdings

31/10/2022 11:34

Oct 31 (Reuters) - ALX Oncology Holdings Inc  ALXO.O :
    * ALX ONCOLOGY ENTERS $100 MILLION LOAN FACILITY AGREEMENT
WITH
OXFORD FINANCE AND SILICON VALLEY BANK TO SUPPORT ONGOING
DEVELOPMENT OF EVORPACEPT
    * ALX ONCOLOGY HOLDINGS - WITH ABILITY TO DRAW DOWN UP TO
$50
MILLION OF FACILITY AT CO DISCRETION, EXPECT TO BE ABLE TO
EXTEND CASH RUNWAY TO MID-2025
    * ALX ONCOLOGY HOLDINGS INC - FACILITY WILL SUPPORT
CONTINUED
DEVELOPMENT OF EVORPACEPT, A NEXT GENERATION CD47 BLOCKING
THERAPEUTIC

Source text for Eikon:  ID:nGNX13kGdh 
Further company coverage:  ALXO.O 
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