MedWatch

Saniona borrows USD 10m for clinical studies

The loan will be used to finance the clinical development of the biotech company's assets.

Rami Levin, President & Chief Executive Officer of Saniona | Photo: Saniona / PR

Biotech company Saniona has secured resources to continue the development of the company's assets as well as support general operations.

The listed company reports that it has taken out a non-dilutive term loan of USD 10m from asset manager Formue Nord.

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