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0.0247524752475249 0.0272277227722773 0.0198019801980198 0.0198019801980198 0.0297029702970297 0.0321782178217822 0.00990099009900991 0.014851485148515
Stock impact report

Agile Therapeutics, Inc. Enters into up to $35 Million Loan Facility with Perceptive Advisors

Agile Therapeutics, Inc. (AGRX) 
Last agile therapeutics, inc. earnings: 5/2 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.agiletherapeutics.com/investor-relations
Company Research Source: GlobeNewswire
Funding to Support the Company’s Commercialization Plans for Twirla® PRINCETON, N.J., Feb. 10, 2020 (GLOBE NEWSWIRE) -- Agile Therapeutics, Inc. (Nasdaq: AGRX), a women’s healthcare company, today announced that it has entered into a senior secured term loan credit  facility with Perceptive Advisors to provide Agile with up to $35 million through term loans in three tranches.  $5 million was funded today after the satisfaction of customary closing conditions, $15 million will be available if Twirla® is approved by the U.S. Food and Drug Administration (“FDA”), and $15 million will be available upon the achievement of certain revenue milestones.  Agile is permitted to make interest only payments on the loan until February 2023.  “This strategic debt financing coupled with our current cash increases our balance sheet strength and positions us well to continue our commercialization strategy for Twirla®, with an expected FDA decision less than one week away,” stated Al Altomari, Chair Show less Read more
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