Brief: CTI Biopharma And DRI Healthcare Announce Up To $135 Mln Transaction

DRI Healthcare Trust

25/08/2021 12:33

Aug 25 (Reuters) - CTI Biopharma Corp  CTIC.O :
    * CTI BIOPHARMA AND DRI HEALTHCARE TRUST ANNOUNCE UP TO $135
MILLION DEBT AND ROYALTY TRANSACTION
    * DRI HEALTHCARE TRUST - TRANSACTION TO FUND LAUNCH,
COMMERCIALIZATION OF PACRITINIB IN U.S. IN 2021 PENDING FDA
APPROVAL, AND FUTURE COMMERCIALIZATION
    * DRI HEALTHCARE TRUST - TO PROVIDE $50 MILLION CREDIT
FACILITY AT
CLOSING, WILL ALSO PROVIDE CTI WITH $60 MILLION ON RECEIVING
ACCELERATED APPROVAL OF PACTRITINIB

Source text for Eikon:  ID:nPn4mHmmsa 
Further company coverage:  CTIC.O 

 ((Reuters.Briefs@thomsonreuters.com;))