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Stock impact report

Foamix Announces $64 Million Capital Financing Investment by Perceptive Advisors and OrbiMed

FOAMIX PHARMACEUTICALS LTD (FOMX) 
Last foamix pharmaceuticals ltd earnings: 11/11 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.foamix.co.il
Company Research Source: GlobeNewswire
Foamix secures up to $50 million in non-dilutive funding Company secures $14 million via a registered direct offering of equity REHOVOT, Israel and BRIDGEWATER, N.J., July 30, 2019 (GLOBE NEWSWIRE) -- Foamix Pharmaceuticals Ltd. (NASDAQ: FOMX), (“Foamix”), a clinical stage specialty pharmaceutical company focused on developing and commercializing proprietary topical therapies to address unmet needs in dermatology, today announced that it has secured up to $64 million in financing from Perceptive Advisors and OrbiMed. The financing consists of term loans of up to $50 million under a Credit Agreement, with $15 million provided immediately upon satisfaction of certain closing conditions, $20 million available upon the achievement of certain regulatory milestones and $15 million available upon the achievement of certain revenue milestones. Additionally, the Company will receive $14 million in gross proceeds from Perceptive Advisors through a direct registered offering of the Company’s Show less Read more
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