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home / news releases / HCWB - HCW Biologics climbs 19% on $26.25M asset-backed development loan

HCWB - HCW Biologics climbs 19% on $26.25M asset-backed development loan

HCW Biologics Inc.

2023-04-27 08:31:32 ET

  • Clinical-stage biopharmaceutical company focused on discovering and developing novel immunotherapies to lengthen healthspan by disrupting the link between inflammation and age-related diseases, HCW Biologics ( NASDAQ: HCWB ) has a entered into a $26.25 M development line of credit agreement on April 21, 2023.
  • This five-year, non-amortizing loan, collateralized with real estate assets, provides project financing for the buildout of the company’s new headquarters and manufacturing facility.
  • The stock price has jumped about 19% on Thursday pre-market

For further details see:

HCW Biologics climbs 19% on $26.25M asset-backed development loan
Stock Information
Company Name: HCW Biologics Inc.
Stock Symbol: HCWB
Market: NASDAQ
Website: hcwbiologics.com
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