Brief: Klaria Pharma Announces New SEK 50 Million Financing Agreement

Klaria Pharma Holding AB (publ)

18/06/2021 07:05

June 18 (Reuters) - Klaria Pharma Holding AB (publ)
 KLAR.ST :
    * KLARIA PHARMA ANNOUNCES NEW SEK 50 MILLION FINANCING
AGREEMENT
    * FINANCING AGREEMENT PROVIDES FOR A LOAN OF UP TO SEK 50.0
MILLION
    * ANNOUNCED A FINANCING AGREEMENT WITH A CONSORTIUM LEAD BY
MODELIO EQUITY.
    * SEK 30.0 MILLION WILL BE PROVIDED UPON CLOSING OF
AGREEMENT AND
AN ADDITIONAL SEK 20.0 IS MILLION AVAILABLE FOR KLARIA TO DRAW
DOWN AT ANY TIME AND AT KLARIA'S OPTION.
    * TODAY ANNOUNCED A FINANCING AGREEMENT WITH A CONSORTIUM
LEAD BY
MODELIO EQUITY.
    * WITH THIS NEW INVESTMENT, KLARIA WILL BE IN A STRONG
FINANCIAL
POSITION THROUGHOUT 2021 AND 2022
    * COMPANY WILL CONTINUE ALL PIPELINE PROJECTS IN ACCORDANCE
WITH
PREVIOUSLY ANNOUNCED DEVELOPMENT PLANS, INCLUDING BRINGING LEAD
PROGRAM SUMATRIPTAN ALGINATE FILM TOWARDS REGISTRATION AND
APPROVAL

Source text for Eikon:  ID:nWkr32ZSZJ 
Further company coverage:  KLAR.ST 

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