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Amarin Corporation plc
Amarin Announces $2.6 Million Bridge Financing
June 12th, 2009
Amarin Corporation plc (NASDAQ: AMRN) announced that it has signed a term sheet for a private placement of convertible bridge loan notes (“Bridge Financing”) in the amount of $2.6 million with certain existing investors in the Company, including a number of current directors of the Company. The Bridge Financing provides the Company with sufficient funds to operate through mid 2009, during which time the Company will continue its ongoing discussions with certain existing and new potential investors, in order to secure longer term funding. Thomas Lynch, Chairman and Chief Executive Officer of Amarin, commented “I am pleased that we have completed what is planned as the...
Source: Health Business Week (2009-06-12)
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