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Stock impact report

GT Medical secures venture loan to expand reach of brain tumour treatment [Yahoo! Finance]

Monroe Capital Corporation - Closed End Fund (MRCC) 
Last monroe capital corporation - closed end fund earnings: 3/3 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.monroebdc.com/investor-relations
Company Research Source: Yahoo! Finance
Finance, an affiliate of Monroe Capital, for advancing its bioresorbable collagen tile, GammaTile. The initial funding of $15m will be directed towards strategic commercial and clinical expansion plans for GammaTile, a treatment designed to improve outcomes for patients with various aggressive brain tumours. GammaTile is embedded with Cesium-131 seeds and delivers targeted radiation therapy directly to the tumour site. This method aims to reduce tumour recurrence by providing a high dose of radiation while minimising exposure to the surrounding healthy tissue. The loan will support GT Medical's objectives to increase access to care and expand the use of the GammaTile therapy. GT MedTech CEO Per Langoe said: “We are delighted to have Horizon's support as we expand the reach of our innovative targeted radiation solution. “Our partnership with Horizon Technology Finance will allow us to continue our strategic commercial and market expansion initiatives, helping bring GammaTil Show less Read more
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