Osmotica Pharmaceuticals plc Announces Debt Financing from Athyrium Capital Management of up to $100 Million
Osmotica Pharmaceuticals plc - Ordinary Shares (OSMT)
Last osmotica pharmaceuticals plc - ordinary shares earnings: 3/18 04:05 pm
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Source: GlobeNewswire
BRIDGEWATER, N.J., Oct. 07, 2021 (GLOBE NEWSWIRE) -- Osmotica Pharmaceuticals plc (Nasdaq: OSMT) (“Osmotica” or the “Company”), a specialty pharmaceutical company, today announced that it has entered into a note purchase agreement for up to $100 million of senior secured notes with funds managed by Athyrium Capital Management (“Athyrium”). “This financing provides the Company with additional cash to support the commercialization of Upneeq®,” stated Brian Markison, Chief Executive Officer. “We are excited to have Athyrium, a leading health care investor, as our financial partner.” “We are thrilled to partner with the Osmotica team and to provide capital to support the commercial efforts around Upneeq,” said Mark Kavulich, Partner, Athyrium Capital Management. “As a first-in-class treatment for acquired ptosis, Upneeq offers patients and clinicians a convenient non-surgical therapeutic option. We look forward to supporting management’s growth initiatives.” Subject to the sati
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