EQS Group-Ad-hoc: Newron Pharmaceuticals SpA / Key word(s): Financing Ad hoc announcement pursuant to Art. 53 SIX Listing Rules Milan, Italy - October 18, 2021, 5:45 pm CEST - Newron Pharmaceuticals S.p.A. ('Newron') (SIX: NWRN, XETRA: NP5), a biopharmaceutical company focused on the development of novel therapies for patients with diseases of the central and peripheral nervous system, announces that it has received Tranche 5 under its financing agreement with the European Investment Bank (EIB) that was signed in October 2018 and comprises up to EUR 40 million, subject to achieving a set of agreed performance criteria. The EIB loan is backed by the European Fund for Strategic Investments (EFSI), the central pillar of the Investment plan for Europe. Tranche 5 consists of EUR 7.5 million and will primarily be used to support the Company's development programs in diseases of the central nervous system. The first four tranches of the loan, totaling EUR 32.5 million, were received by Newron in 2019, 2020 and in September 2021. End of ad hoc announcement |
Language: | English |
Company: | Newron Pharmaceuticals SpA |
Via Antonio Meucci 3 | |
20091 Bresso | |
Italy | |
E-mail: | info@newron.com |
Internet: | www.newron.com |
ISIN: | IT0004147952 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1241593 |
End of Announcement | EQS Group News Service |
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1241593 18-Oct-2021 CET/CEST
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