Alexza plans to reacquire U ed medications .S. Rights for ADASUVE inhalation powder from Teva Alexza Pharmaceuticals, Inc. announced today that it programs to reacquire the U.S., a subsidiary of Teva Pharmaceutical Industries Ltd., of January 1 with around target completion date, 2016. Teva and Alexza also plan to restructure the obligations under the outstanding notice from Teva. Alexza and Teva are working on a transition agreement to keep product availability to patients and healthcare providers after the come back of the privileges to Alexza. ‘ADASUVE is an effective product. There are significant challenges in launching a hospital product, one seeing that complex while ADASUVE especially. We appreciate the efforts that Teva has designed to day and are looking forward to continuing to build the ADASUVE brand,’ said Thomas B.
for a term mortgage in the principal amount of up to $35 million. Under the contract, Hercules is advancing $10 million to Limited and can advance the rest of the $25 million in the event the U.S. The proceeds of the initial financing of $10 million under the term loan will be used to pay off a preexisting term mortgage payable to Silicon Valley Bank also to provide extra working capital for general corporate purposes. Regarding the the closing of the Hercules debts facility, Limited also terminated a $15 million working capital credit line with SVB that had not been utilized. ‘Further, it is expected to provide the financing essential to fulfill our milestone obligation if ILUVIEN receives FDA approval on or before October 31, 2014, and is supposed to mitigate the necessity to seek additional funding for this function.’ Interest on excellent borrowing under the term loan is certainly payable at the price of 10.9 percent per annum.