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5.53403431101949E-05 5.53403431101949E-05 0.000553403431101359 -0.000498063087991164 0.0027670171555064 0.00242944106253463 0.00459878251245167 0.00221361372440504
Stock impact report

Bluebird secures up to $175M financing amid gene therapy launches [Seeking Alpha]

Hercules Capital, Inc. (HTGC) 
Last hercules capital, inc. earnings: 2/20 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.htgc.com
Company Research Source: Seeking Alpha
The biotech company said the transaction will help strengthen its balance sheet as it commercializes its gene therapies Lyfgenia for sickle cell disease, Zynteglo for beta thalassemia and Skysona for cerebral adrenoleukodystrophy. Bluebird said the term loan facility will provide up to $175M through four tranches. The company has already drawn on the first tranche of $75M. Bluebird will be eligible for two more tranches of $25M apiece, subject to the achievement of certain commercial milestones. The fourth tranche of up to $50M would be available at the sole discretion of Hercules Capital. The FDA approved bluebird's Lyfgenia for sickle cell disease in December, along with a rival gene therapy for the disease developed by Vertex Pharmaceuticals ( VRTX ) and CRISPR Therapeutics ( CRSP Recommended For You More Trending News Recommended For You More Trending News About BLUE Stock Related Stocks Trending Analysis Trending News Show less Read more
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