Beyond Air Secures Up To $40M Debt Financing
Portfolio Pulse from Benzinga Newsdesk
Beyond Air (NASDAQ:XAIR) has secured up to $40 million in senior secured debt financing from funds managed by Avenue Capital Group. The funding will support the commercial launch of LungFit PH and advance the clinical development of the LungFit platform.
June 15, 2023 | 8:19 pm
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Beyond Air has secured up to $40 million in debt financing, which will support the commercial launch of LungFit PH and advance the clinical development of the LungFit platform.
The debt financing will provide Beyond Air with the necessary funds to support the commercial launch of LungFit PH and advance the clinical development of the LungFit platform. This is expected to have a positive impact on the company's stock price in the short term as it demonstrates financial support and confidence in the company's products and pipeline.
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