Brief: Innate Pharma Obtains 28.7 Million Euros In State Guaranteed Loans

Innate Pharma SA

05/01/2022 06:06

Jan 5 (Reuters) - Innate Pharma SA  IPH.PA :
    * INNATE PHARMA OBTAINS €28.7M IN NON-DILUTIVE FINANCING IN
THE
FORM OF STATE GUARANTEED LOANS
    * TWO LOANS HAVE AN INITIAL TERM OF ONE YEAR WITH A
FIVE-YEAR
EXTENSION OPTION
    * THEY ARE 90% GUARANTEED BY FRENCH STATE AS PART OF PACKAGE
OF
MEASURES PUT IN PLACE BY FRENCH GOVERNMENT TO SUPPORT COMPANIES
DURING COVID-19 PANDEMIC
    * THIS ADDITIONAL FINANCING PROVIDES OPPORTUNITY TO FURTHER
STRENGTHEN OUR CASH POSITION AS WELL AS OUR RESEARCH AND
DEVELOPMENT ACTIVITIES IN FRANCE - CFO

Source text for Eikon:  ID:nBw8SxDmxa 
Further company coverage:  IPH.PA 

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