Retrophin: The Curious Case Of The Missing Term Loan Agreement
- $40MM term loan agreement with Athyrium has yet to be filed by Retrophin with the SEC.
- Retrophin's CEO stated on the May 30th update call that Retrophin had already received the $40MM from Athyrium, indicating that the term loan had already closed.
- Despite the CEO's May 30th statement, the Athyrium transaction does not appear to have closed.
- Retrophin's liquidity situation remains uncertain unless and until transaction documents with Athyrium are filed with the SEC.