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Stock impact report

Affimed Announces €25 Million Debt Financing Agreement with Silicon Valley Bank

Affimed N.V. (AFMD) 
Last affimed n.v. earnings: 11/19 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: affimed.com/investor-relations.php
Company Research Source: GlobeNewswire
€10 million available at closing and up to €15 million available upon achievement of certain milestones Heidelberg, Germany, January 11, 2021 – Affimed N.V. (Nasdaq: AFMD), a clinical-stage immuno-oncology company committed to giving patients back their innate ability to fight cancer, today announced that it has entered into a debt financing agreement with Silicon Valley Bank German Branch (SVB) which provides Affimed with up to €25 million in term loans. “We are pleased to continue our relationship with Silicon Valley Bank,” commented Angus Smith, Chief Financial Officer of Affimed. “This financing will help support the broad development strategy for our ICE® molecules as monotherapies and in combination with natural killer cells and checkpoint inhibitors.” “We’re delighted to continue our support for Affimed and its mission to develop cancer treatments using its proprietary ICE® platform,” said Nooman Haque, Head of Life Sciences & Healthcare SVB EMEA. “For decades SVB has worked Show less Read more
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