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KaloBios raises additional $5.5M via debt financing; shares slip 23%

Mar. 24, 2017 3:46 PM ETHumanigen, Inc. (HGENQ) StockBy: Douglas W. House, SA News Editor3 Comments
  • Pink sheet stock KaloBios (KBIO -23.3%) drops on increased volume, albeit on turnover of only 12,350 shares, on the heels of its announcement that it has raised an additional $5.5M from existing investors via an amendment to its term loan facility. The total principal amount of the loan is now $9.2M.
  • Proceeds will fund working capital.

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