Caprion Pharmaceuticals has secured at least $18 million in loans from the Quebec government to supplement the $45 million it has raised in private capital markets, the Montreal-based firm said last week.
Investissement Quebec (IQ), a Quebec government agency charged with promoting economic development in the province, has extended the loan as part of an incentive program to encourage companies to spend capital in Quebec, said Lloyd Segal, Caprion’s CEO.
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