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0.130588235294118 0.156666666666667 0.0784313725490197 0.0568627450980393 0.0490196078431373 0.0735294117647058 0.0758823529411764 0.0745098039215685
Stock impact report

Invivyd Announces $30M Non-dilutive Loan Facility with Silicon Valley Bank

Invivyd, Inc. (IVVD) 
Company Research Source: GlobeNewswire
WALTHAM, Mass., April 21, 2025 (GLOBE NEWSWIRE) -- Invivyd, Inc. (Nasdaq: IVVD), a biopharmaceutical company devoted to delivering protection from serious viral infectious diseases, today announced that it has signed a $30 million term loan facility with Silicon Valley Bank (SVB), a division of First Citizens Bank. The deal allows for drawdown of capital in the future if certain conditions and milestones are met. “We are pleased to have secured this term loan facility ahead of important anticipated catalysts, including gaining alignment with the FDA on the regulatory pathway of our pipeline candidate, VYD2311,” said Bill Duke, Chief Financial Officer of Invivyd. “The non-dilutive nature of this financing facility supports balance sheet optionality so the company can focus on per-share value creation.” About VYD2311 VYD2311 is a novel monoclonal antibody (mAb) candidate being developed for COVID-19 to continue to address the urgent need for new prophylactic and therapeutic options Show less Read more
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