Brief: Pharnext Announces EUR 2.5 Mln Loan Agreement With Neovacs

Neovacs SA

23/08/2022 07:42

Aug 23 (Reuters) - Pharnext SA  PHARN.PA :
    * PHARNEXT ANNOUNCES A €2.5M LOAN AGREEMENT WITH NEOVACS
    * LOAN WILL BEAR INTEREST AT 1% PER MONTH FOR A MAXIMUM
DURATION
OF SIX MONTHS, I.E. UNTIL 21 FEBRUARY 2023 AT LATEST
    * EXECUTION OF LOAN IS PART OF ONGOING DISCUSSIONS BETWEEN
PHARNEXT AND NEOVACS TO POTENTIALLY ENTER INTO A BROADER
FINANCING AGREEMENT OF PHARNEXT BY NEOVACS
    * IF NO AGREEMENT IS REACHED AMONG PHARNEXT AND NEOVACS,
LOAN WILL
BE REIMBURSED BY PHARNEXT AT LOAN MATURITY, I.E. ON 21 FEBRUARY
2023

Source text for Eikon:  ID:nEQ8Vd60Ta 
Further company coverage:  PHARN.PA 

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