Acura Pharmaceuticals, Inc.

Acura Pharmaceuticals secures bridge funding

Published in Lab Business Week, July 2nd, 2006

Acura Pharmaceuticals, Inc., (ACUR) announced it has secured gross proceeds of $800,000 under a term loan agreement with Essex Woodlands Health Ventures V, L.P., Care Capital Investments II, L.P., Care Capital Offshore Investments II, L.P., Galen Partners III, L.P., Galen Partners International III, L.P. and Galen Employee Fund III, L.P (collectively the Bridge Lenders).

The loan matures on September 1, 2006, bears an annual interest rate of 10%, is secured by a lien on all assets of the company and its subsidiary, and is senior to all other Company debt. The Loan permits the funding of additional cash amounts subject to agreement by the company and the Bridge Lenders....

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Source: Lab Business Week (2006-07-02)

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