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Scholar Rock secures $50M debt facility for advancing pipeline

  • Scholar Rock (NASDAQ:SRRK) closed a $50M debt facility with Silicon Valley Bank and Oxford Finance; first $25M was funded at closing.
  • Proceeds to be used for general corporate purposes, including the advancement of its pipeline and for pre-commercialization preparations.

  • The second $25M tranche is available through December 31, 2021 upon dosing of the first patient in a Phase 3 trial for SRK-015 and dosing of the first patient in Part B of the DRAGON Phase 1 trial for SRK-181.
  • Debt facility will mature on May 1, 2025; interest payments required only for first two years.

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Scholar Rock Holding Corporation