BASi Announces Borrowing under Paycheck Protection Program
BIOANALYTICAL SYSTEMS (BASI)
US:NASDAQ Investor Relations:
basinc.com/invest
Company Research
Source: GlobeNewswire
WEST LAFAYETTE, Ind., April 24, 2020 (GLOBE NEWSWIRE) -- Bioanalytical Systems, Inc. (NASDAQ:BASI) (“BASi”, the “Company”, “We” or “Our”) doing business as Inotiv, a leading provider of nonclinical and analytical contract research services, today announced the closing and receipt of funds from the SBA Paycheck Protection Program (“PPP”). During the Coronavirus (COVID-19) crisis, the Company is continuing operations. As a company within the “essential critical infrastructure” industry, the Company believes it has a special responsibility to maintain business continuity and a normal work schedule to the greatest extent practicable. Robert Leasure, Jr., the Company’s President and Chief Executive Officer, commented, “Our Company is doing the important work of supporting our clients in their efforts towards drug discovery and development. We are proud to be part of this industry, and are fortunate to be working with multiple clients, at our multiple sites, on a variety of therapy or v
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