Inhibrx Shares Fall After Expanding Loan Agreement to $500M

Dow Jones

07/16

Shares of Inhibrx Biosciences fell after the clinical-stage biopharmaceutical company said it expanded its loan agreement with Oxford Finance to $500 million.

The stock was down 4.4% to $87.22 in recent trading, but rose 10% since the start of the year.

Inhibrx said the expansion adds $325 million to its initial loan of $175 million.

In connection with the loan, the company issued the lenders warrants to purchase 21,457 shares of common stock at a strike price of $93.21 per share.

Chief Financial Officer Kelly Deck said the loan would push momentum in advancing ozekibart and INBRX-106, precision engineered immunotherapies, as the company awaits key upcoming data readouts.

Write to Grace Yoon at grace.yoon@wsj.com

(END) Dow Jones Newswires

July 16, 2026 10:29 ET (14:29 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"INBX","symbol_name":"Inhibrx Biosciences","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2651400074","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651400074","pubTimestamp":1784212140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Inhibrx Biosciences fell after the clinical-stage biopharmaceutical company said it expanded its loan agreement with Oxford Finance to $500 million.The stock was down 4.4% to $87.22 in recent trading, but rose 10% since the start of the year.Inhibrx said the expansion adds $325 million to its initial loan of $175 million.In connection with the loan, the company issued the lenders warrants to purchase 21,457 shares of common stock at a strike price of $93.21 per share.Chief Financial Officer Kelly Deck said the loan would push momentum in advancing ozekibart and INBRX-106, precision engineered immunotherapies, as the company awaits key upcoming data readouts.Write to Grace Yoon at grace.yoon@wsj.com Dow Jones NewswiresJuly 16, 2026 10:29 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"INBX":"Inhibrx Biosciences","BK4139":"生物科技"},"translate_title":"Inhibrx 将贷款协议扩大至 5 亿美元后股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INBX":1.5},"content_text":"Shares of Inhibrx Biosciences fell after the clinical-stage biopharmaceutical company said it expanded its loan agreement with Oxford Finance to $500 million. \n\n\n  The stock was down 4.4% to $87.22 in recent trading, but rose 10% since the start of the year. \n\n\n  Inhibrx said the expansion adds $325 million to its initial loan of $175 million. \n\n\n  In connection with the loan, the company issued the lenders warrants to purchase 21,457 shares of common stock at a strike price of $93.21 per share. \n\n\n  Chief Financial Officer Kelly Deck said the loan would push momentum in advancing ozekibart and INBRX-106, precision engineered immunotherapies, as the company awaits key upcoming data readouts. \n\n\n \n\n\n  Write to Grace Yoon at grace.yoon@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 16, 2026 10:29 ET (14:29 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}