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Oxford Finance leads Aerovance's $10mm debt sale

Executive Summary

Aerovance (respiratory disorder and eczema compounds) raised $10mm by selling debt to a group led by Oxford Finance and including Silicon Valley Bank and Comerica Bank. The company may draw down another $10mm when it reaches undisclosed corporate milestones. The money will go towards finding a global partner for the recombinant protein Aerovant, in Phase IIa for asthma.
Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Large Molecule
Deal Status
  • Final
Deal Type
  • Financing
    • Nonconvertible Debt
    • Private Placement

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