Sep. 10 at 12:20 PM
$CNSY announces that it has entered into a financing agreement with 3i, LP (3i Fund) for a senior secured facility of up to
$20 million with royalty-based repayments. Under the agreement,
$CNSY received initial funding at closing, with future tranches available upon achieving certain milestones.
The financing is intended to support the scale-up of the Company’s proprietary laboratory-developed tests, particularly its CNSide Diagnostics’ cerebrospinal fluid assay platform.
Read more: https://ir.cerenome.com/news-releases/news-release-details/cerenome-announces-20-million-financing-facility-royalty-based/?utm_source=social