PAVmed Secures Financing up to $14 Million for Advancement of its Lead Products to Commercialization
PAVmed Inc. (PAVM)
US:NASDAQ Investor Relations:
ir.pavm.com
Company Research
Source: GlobeNewswire
Extends cash runway to support multiple milestones including commercialization of two lead products NEW YORK, Nov. 05, 2019 (GLOBE NEWSWIRE) -- PAVmed Inc. (Nasdaq: PAVM, PAVMZ) (the “Company” or “PAVmed”), a highly differentiated, multiproduct medical device company, today announced it has entered into a financing agreement (the “Financing”) with an existing and a new institutional investor for a maximum amount of $14 million. Proceeds from the Financing will be used to support continued advancement of PAVmed’s lead products to commercialization and for general working capital purposes. Maxim Group LLC acted as financial advisor in this transaction. Lishan Aklog, M.D., PAVmed’s Chairman and Chief Executive Officer, commented, “We are pleased to secure this Financing, which significantly enhances our financial flexibility by providing immediate near-term capital and access to a committed second tranche at our discretion. Importantly, it enables PAVmed to execute on the clinical an
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PAVM
Sec Filings
- 4/26/24 - Form 8-K
- 3/25/24 - Form 10-K
- 3/14/24 - Form 8-K
- PAVM's page on the SEC website