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Liquidia Corporation Secures $67.5 Million in New Common Stock Financings and $32.5 Million Advance from HealthCare Royalty

Sep 11, 2024almost 2 years ago

Contract Type

partnership

MorrisvilleManufacturingBiotechnologyHealth CareTherapeuticsPharmaceuticalBiotechnology Research

Description

Liquidia Corporation announced the pricing of an underwritten public offering and a concurrent private placement, with anticipated total gross proceeds of approximately $67.5 million. The Company also entered into a fifth amendment to the Revenue Interest Financing Agreement with HealthCare Royalty to fund an additional $32.5 million.

Company Information

Company

Liquidia

Location

Morrisville, North Carolina, United States

About

Liquidia is a biopharmaceutical company focused on the development and commercialization of products that address unmet patient needs, with current focus directed towards the treatment of pulmonary arterial hypertension (PAH). Our pipeline is focused on the development of two product candidates using our PRINT® Technology platform: LIQ861 for the treatment of pulmonary arterial hypertension and LIQ865 for the treatment of local post-operative pain. Our subsidiary, Liquidia PAH (formerly RareGen), generates revenue pursuant to a promotional agreement between RareGen and Sandoz, sharing profit derived from the sale of the first-to-file fully substitutable generic treprostinil injection, or Treprostinil Injection, in the United States.

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