GENFIT Announces Completion of Non-dilutive Royalty Financing Agreement with HCRx and Results of Repurchase Offer to 2025 OCEANEs holders
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GENFIT has completed a royalty financing agreement with HealthCare Royalty (HCRx) for up to €185 million, including an upfront payment of €130 million. The transaction allows the company to repurchase 99% of its 2025 OCEANEs convertible bonds and provides financial visibility beyond 2027 to support its Acute-on-Chronic Liver Failure (ACLF) pipeline development.
March 20, 2025 | 9:30 pm
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POSITIVE IMPACT
The royalty financing transaction provides GENFIT with significant capital, reducing convertible debt and extending cash runway, which could positively impact investor sentiment.
The non-dilutive financing provides substantial upfront capital, reduces convertible debt, and extends the company's cash runway beyond 2027, which are all positive signals for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100