Thermo Fisher to Provide £5M Loan to Premaitha Health as Firm's H1 2016 Revenues Climb | GenomeWeb

NEW YORK (GenomeWeb) – Premaitha Health said today that it has signed an agreement under which Thermo Fisher Scientific will provide it with a £5 million ($7.6 million) loan. The UK-based noninvasive prenatal test provider also reported £0.6 million in revenues for the first half of its fiscal year 2016 today.

Thermo Fisher will invest £5 million in Premaitha as a secured loan facility, of which the company will receive £3 million initially and the remainder as milestone payments over the next two years.

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