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ALBO - Hercules Capital inks $80M debt financing for Albireo Pharma
Albireo Pharma Inc.
Albireo Pharma (ALBO-0.3%) agrees to terms with Hercules Capital on a debt facility to provide up to $80M of new capital, and will receive $15M under a restructured royalty monetization agreement with HealthCare Royalty Partners for elobixibat for chronic constipation in Japan, with initial draw down of $10M.
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