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Trevena Announces $2M Non-Dilutive Financing Tranche and Reduction in Outstanding Liabilities with R-Bridge Healthcare Fund, LP

Jul 08, 2024•almost 2 years ago

Contract Type

partnership

BiotechnologyHealth CareTherapeuticsPharmaceutical

Description

Trevena announced an amendment to its ex-US royalty-based financing with R-Bridge Healthcare Fund, L.P., which includes receiving a non-dilutive $2 million payment and being eligible for up to an additional $8 million based on OLINVYK US partnering and commercialization milestones. Trevena also expects a $10 million reduction in liabilities associated with its ex-US royalty financing.

Company Information

Company

Trevena

About

Trevena, Inc. is a biopharmaceutical company focused on the development and commercialization of innovative medicines for patients with CNS disorders. The Company has one approved product in the United States, OLINVYK® (oliceridine) injection, indicated in adults for the management of acute pain severe enough to require an intravenous opioid analgesic and for whom alternative treatments are inadequate. The Company’s novel pipeline is based on Nobel Prize winning research and includes three differentiated investigational drug candidates: TRV045 for diabetic neuropathic pain and epilepsy, TRV250 for the acute treatment of migraine and TRV734 for maintenance treatment of opioid use disorder. For more information, please visit www.Trevena.com.

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