Novelion Therapeutics (NVLN) Stock: Flying On Corporate Update

Nov 08 15:11 2018 Print This Article

Novelion Therapeutics Inc (NASDAQ: NVLN) is flying early on in the trading session this morning, and for good reason. The company announced a business update and term loan agreement that is leading to quite a bit of excitement. Today, we’ll talk about:

The corporate update and loan agreement;

what we’re seeing from NVLN stock as a result; and

what we’ll be watching for ahead.

NVLN Announces Business Update

As mentioned above, Novelion Therapeutics is having a great day in the market today after announcing a business update. In a press release issued early this morning, the company said that its subsidiary, Aegerion Pharmaceuticals, has entered a new secured financing facility. The facility was entered into with certain funds managed by Athyrium Capital Management and Highbridge Capital Management.

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