Entelos Secures $6.5M Loan to Pay Off Iconix Debt, Broaden PhysioLab Platform | GenomeWeb
Entelos has secured a $6.5 million debt financing loan from Imperium Master Fund. The company plans to use about $1.5 million to pay off debt related to last year’s $8.3 million acquisition of Iconix Biosciences. It will use the remaining $5 million for various other expenses that are still to be determined, though further development of its PhysioLab simulation platform is a likely target.
 

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