NRx Pharmaceuticals Has Obtained Up To Approximately $16M In Convertible Debt Financing From An Institutional Investor To Support The 2024 New Drug Application Filing Its Two Lead Products, NRX-100 And NRX-101 And To Retire Existing Debt From Streeterville Capital
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NRx Pharmaceuticals has secured up to $16 million in convertible debt financing from an institutional investor. The funds will support the 2024 New Drug Application filing for its two lead products, NRX-100 and NRX-101, and will also be used to retire existing debt from Streeterville Capital.
August 13, 2024 | 11:36 am
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NRx Pharmaceuticals has secured up to $16 million in convertible debt financing to support the 2024 NDA filings for its lead products, NRX-100 and NRX-101, and to retire existing debt.
The financing provides NRx Pharmaceuticals with the necessary funds to advance its lead products towards regulatory approval and manage its debt, which is likely to be viewed positively by investors.
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