Term Sheet signed with US Investor to secure up to US$14 Million Funding For LUPUZOR™25th July 2015 - 11:49 am
ImmuPharma has also signed a Term Sheet with a US investor for a proposed private placement to fund the clinical trial. The initial instalment of funding consists of a convertible loan of US$2,000,000 plus additional capital of up to US$12,000,000, at the Company’s discretion, subject to certain criteria, over a two year period. Further disclosure on the financial terms of this agreement (the “Agreement”) will be announced following the signature of full agreement anticipated in the next few weeks.
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