Arrowhead Pharmaceuticals Announces $500M Strategic Financing Facility
Portfolio Pulse from Benzinga Newsdesk
Arrowhead Pharmaceuticals has secured a $500M strategic financing facility with Sixth Street, including $400M funded at close and an additional $100M available. This non-dilutive capital will strengthen Arrowhead's balance sheet and support the advancement of its RNAi therapeutics pipeline.
August 08, 2024 | 9:03 pm
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Arrowhead Pharmaceuticals has secured a $500M strategic financing facility with Sixth Street, including $400M funded at close and an additional $100M available. This non-dilutive capital will strengthen Arrowhead's balance sheet and support the advancement of its RNAi therapeutics pipeline.
The $500M financing facility provides Arrowhead Pharmaceuticals with significant non-dilutive capital, enhancing its financial stability and enabling the advancement of its RNAi therapeutics pipeline. This is likely to positively impact the stock price in the short term.
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IMPORTANCE 90
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