Press release from Companies
Publicerat: 2019-01-23 17:13:27
Panion Animal Health AB ("Panion") draws down a second tranche from the investment fund managed by Yorkville Advisors Global ("Yorkville").
Panion entered into a financing agreement with Yorkville which was announced on 9 January 2018 (the "Agreement") (see press release dated 9 January 2018). On 23 January 2019, Panion’s board of directors decided to draw down a second tranche pursuant to the Agreement as well as the issuance of the Notes and warrants under this second tranche. The issuance is within the limitations of the authorization from the shareholder"s meeting held on 29 May 2018. The capital will be used for further investments in research and development. The transaction is carried out through the issuance of convertible notes (the “Notes”) with warrants attached (the “Warrants”). Highlights about the second tranche: This information is such information as Panion Animal Health AB is required to disclose under the EU Market Abuse Regulation. The information was provided by the contact person below for publication on January 23, 2019. + 45-22 94 66 00 anja.holm@panion-animalhealth.com Bolaget ska utveckla och kommersialisera genterapi för behandling av epilepsiliknande tillstånd hos hundar och andra djur, samt utveckla och kommersialisera andra veterinärmedicinska produkter och nya behandlingsformer som kan ge sjuka djur bättre livskvalitet.
Anja E. H. Holm, CEO
Panion will develop and commercialize a gene therapy treatment for dogs with drug refractory epilepsy, and other new animal health products and treatments that improve the quality of life for animals suffering from chronic diseases.