Brief: Pharmaxis Executed A$4.4 Million Loan Facility Agreement

Syntara

08/08/2023 02:00

Aug 8 (Reuters) - Pharmaxis Ltd  PXS.AX :
    * EXECUTED A$4.4 MILLION LOAN FACILITY AGREEMENT WITH A FUND
MANAGED BY PADDINGTON STREET FINANCE
    * AGREEMENT TO PROVIDE ADVANCED ACCESS TO A SUBSTANTIAL PART
OF
CO'S 2023 ANTICIPATED RESEARCH AND DEVELOPMENT TAX INCENTIVE
    * LOAN PROVIDES UP TO 85% OF COMPANY'S ANTICIPATED 2023
RESEARCH
AND DEVELOPMENT TAX INCENTIVE OF A$5.2 MILLION

Source text for Eikon:  ID:nASX4GSSwj 
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 ((Reuters.Briefs@thomsonreuters.com;))