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Advanced Life Sciences Holdings, Inc.
Advanced Life Sciences Completes Debt Transaction
November 7th, 2008
Advanced Life Sciences Holdings, Inc. (NASDAQ:ADLS) a biopharmaceutical company engaged in the discovery, development and commercialization of novel drugs in the therapeutic areas of infection, cancer and respiratory diseases, announced that it closed a debt transaction with Leaders Bank to increase its line of credit from $4 million to $10 million and to extend the date of maturity by 12 months to January 1, 2011. The closing took place in accordance with the loan commitment announced on September 29, 2008. "We are pleased to complete the debt facility expansion and extension with Leaders Bank," said John L. Flavin, president and chief financial officer of Advanced...
Source: Health Business Week (2008-11-07)
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