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Stock impact report

BioCryst Strengthens Cash Position With Flexible $100 Million Debt Facility

BioCryst Pharmaceuticals, Inc. (BCRX) 
Last biocryst pharmaceuticals, inc. earnings: 3/5 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: biocryst.gcs-web.com/investor-relations
Company Research Source: GlobeNewswire
—New loan facility increases to $50 million to further extend cash runway— —Additional $30 million available at company option following positive Phase 3 APeX-2 data— —Another $20 million available at company option following NDA approval of BCX7353 for HAE prophylaxis— RESEARCH TRIANGLE PARK, N.C., Feb. 06, 2019 (GLOBE NEWSWIRE) -- BioCryst Pharmaceuticals, Inc. (Nasdaq:BCRX) announced today that the company has entered into a $100 million secured loan facility (new loan facility) with MidCap Financial Trust (MidCap) pursuant to the terms and conditions of an amended and restated credit and security agreement. The new loan facility replaces an existing $30 million secured loan facility with MidCap, provides $20 million of immediate additional non-dilutive capital to extend the company’s cash runway and provides financial flexibility to draw another $50 million of milestone-based non-dilutive capital at the company’s option. “This non-dilutive financing provides BioCryst with Show less Read more
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