X4 Pharmaceuticals Announces $125M Capital Infusion From $105M Sale of Priority Review Voucher And $20M Drawdown from Existing Loan Facility, Extends Projected Cash Runway Into Late 2025
Portfolio Pulse from Benzinga Newsdesk
X4 Pharmaceuticals has secured a $125M capital infusion through a $105M sale of a Priority Review Voucher and a $20M drawdown from an existing loan facility, extending its cash runway into late 2025.
May 09, 2024 | 11:24 am
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X4 Pharmaceuticals receives a significant $125M capital boost, aiming to extend its operational runway into late 2025.
The substantial capital infusion of $125M for X4 Pharmaceuticals is a positive development, indicating a strong financial position and the ability to sustain operations and growth into late 2025. This financial stability is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
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