CENTOGENE Will Receive $30M Mandatory Convertible Loan From Lifera; Enter Strategic Collaboration
Portfolio Pulse from Benzinga Newsdesk
CENTOGENE will receive a $30 million mandatory convertible loan from Lifera with a six-month term and a conversion price of $2.20 per share. The companies will also enter a strategic collaboration, with CENTOGENE receiving milestone payments and revenue-based royalties until 2033.
June 27, 2023 | 11:32 am
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CENTOGENE receives a $30 million convertible loan from Lifera and enters a strategic collaboration, potentially boosting its financial position and stock price.
The $30 million convertible loan will provide CENTOGENE with additional capital, improving its financial position. The strategic collaboration with Lifera, including milestone payments and royalties, will contribute to the company's revenue stream until 2033, potentially boosting its stock price.
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