Inhibrx Biosciences Announces Loan Agreement with Oxford Finance
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Inhibrx Biosciences has secured a $150 million loan agreement with Oxford Finance, providing strategic flexibility for its ongoing clinical trials.
January 13, 2025 | 9:30 pm
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Inhibrx Biosciences has entered into a $150 million loan agreement with Oxford Finance, which will provide the company with strategic flexibility for its clinical trials of INBRX-109 and INBRX-106.
The loan agreement provides Inhibrx with significant financial resources, enhancing its ability to continue and potentially expand its clinical trials. This financial backing is likely to be viewed positively by investors, as it reduces financial risk and supports the company's strategic initiatives.
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