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Melinta secures up to $135mm in loan from Vatera

Executive Summary

Antibiotics developer Melinta Therapeutics Inc. secured up to $135mm in a 5% convertible loan from Vatera Healthcare Partners and affiliates. The loan matures on January 6, 2025 and is convertible at the option of each lender into shares of preferred stock at an exercise price of $1.60 (the company's shares are currently averaging $1.48).
Deal Industry
  • Biotechnology
    • Drug Discovery Tools
      • Bioinformatics
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Convertible Debt
    • Private Placement

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