Metabolon Secures $60 Million Credit Facility to Drive Growth and Innovation

May 16, 2024

https://www.prnewswire.com/news-releases/metabolon-secures-60-million-credit-facility-to-drive-growth-and-innovation-302146722.html

MORRISVILLE, N.C., May 16, 2024 /PRNewswire/ — Metabolon, Inc., the global leader in providing metabolomics solutions advancing a wide variety of life science research, diagnostic, therapeutic development, and precision medicine applications, announced that it has closed on a new $60 million credit facility. This significant investment, of which an initial $42.5 million was funded at closing, will be utilized to fuel the company’s growth initiatives and expand its research and development efforts to further enhance its metabolomics platform. The investment will also support the company’s global expansion plans, including market penetration initiatives and strategic partnerships.

Read more at prnewswire.com

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.