BRIEF-Novelion Therapeutics Says Its Unit Has Entered Into A New Secured Financing Facility [Reuters]
NOVELION THERAPEUTICS INC COMMON SHARES (NVLN)
Last novelion therapeutics inc common shares earnings: 5/7 04:01 pm
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Source: Reuters
BRIEF-Novelion Therapeutics Says Its Unit Has Entered Into A New Secured Financing Facility | Reuters Reuters Staff 1 Min Read March 15 (Reuters) - Novelion Therapeutics Inc: * NOVELION THERAPEUTICS SAYS ITS UNIT HAS ENTERED INTO A NEW SECURED FINANCING FACILITY WITH AFFILIATES OF SARISSA CAPITAL AND BROADFIN CAPITAL * NOVELION THERAPEUTICS SAYS THE FINANCING FACILITY PROVIDES FOR A $20 MILLION TERM LOAN TO CO’S UNIT AEGERION PHARMACEUTICALS * NOVELION THERAPEUTICS SAYS AEGERION PLANS TO USE THE CAPITAL TO SUPPORT ONGOING DEVELOPMENT OF METRELEPTIN IN ADDITIONAL INDICATIONS * NOVELION - AEGERION’S OBLIGATIONS UNDER FACILITY ARE SECURED BY SUBSTANTIALLY ALL OF ITS ASSETS, INCLUDING IP RIGHTS OF MYALEPT AND JUXTAPID * NOVELION THERAPEUTICS SAYS THE LENDERS WERE COLLECTIVELY ISSUED WARRANTS TO PURCHASE ABOUT 1.8 MILLION COMMON SHARES OF NOVELION * NOVELION THERAPEUTICS - WARRANTS HAVE AN EXERCISE PRICE EQUAL TO $4.40 PER SHARE Source text for Eikon: Further company coverage: (Reuters.Bri
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