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Stock Market & Financial Investment News

News Breaks
February 18, 2014
07:17 EDTPDLIPDL BioPharma and Paradigm Spinee enter into $75M credit agreement
PDL BioPharma and Paradigm Spine announced that the parties have entered into a credit agreement whereby PDL will provide Paradigm with up to $75m of secured debt financing. Armentum Partners acted as financial advisors to Paradigm Spine for the transaction. An initial $50M was provided at the close of the transaction, with the remaining $25M to be funded in two equal tranches upon achievement of specified milestones.
News For PDLI From The Last 14 Days
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November 19, 2014
07:09 EDTPDLIJefferies to hold a conference
2014 Global London Healthcare Conference is being held in London, England on November 19-20.
November 14, 2014
07:02 EDTPDLIPDL BioPharma announces conclusion of revenue interest agreement with AxoGen
PDL BioPharma (PDLI) announced that the company has received $30.3M, in addition to previously received revenue interest payments, to conclude PDL's revenue interest agreement with AxoGen (AXGN). In October 2012, PDL entered into a structured financing transaction in which PDL provided AxoGen with an aggregate of $20.8M in exchange for royalties on certain AxoGen revenues.

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