Brief: Inventiva Secures EUR 50 Million Credit Facility From European Investment Bank

Inventiva SA

16/05/2022 07:18

May 16 (Reuters) - Inventiva SA  IVAA.PA :
    * SECURES A €50 MILLION CREDIT FACILITY FROM THE EUROPEAN
INVESTMENT BANK
    * THIS CREDIT FACILITY IS INTENDED TO SUPPORT PROGRESS AND
EXPANSION OF INVENTIVA'S PIPELINE
    * CREDIT FACILITY CONSISTS OF TWO TRANCHES OF EUR 25 MILLION
EACH
    * CREDIT AGREEMENT IS PART OF EUROPEAN INVESTMENT BANK'S
STRATEGY
TO SUPPORT BIOTECH COMPANIES DEVELOPING A HIGH-LEVEL OF
EXPERTISE IN VARIOUS THERAPEUTIC AREAS WITH SIGNIFICANT UNMET
MEDICAL NEEDS
    * PLANS TO USE FACILITY TOWARD ITS PRECLINICAL AND CLINICAL
PIPELINE, INCLUDING TO HELP FUND A PORTION OF ITS PHASE III
CLINICAL TRIAL OF LANIFIBRANOR IN PATIENTS WITH NASH.

Source text for Eikon:  ID:nGNE1m6CFf 
Further company coverage:  IVAA.PA 

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