Noxopharm Secures AU$1.8 Million Loan from Endpoints Capital

MT Newswires Live

2024/09/06

Biotech company Noxopharm (ASX:NOX) secured AU$1.8 million in advanced funding from Endpoints Capital against its Australian Government research and development tax incentive scheme rebate for the fiscal year 2023-2024, according to a Friday filing with the Australian Securities Exchange.

The company received the funding through a secured loan agreement over the rebate at an annual interest rate of 15.80%. The loan is repayable from R&D rebate proceeds, estimated to be around AU$2.3 million for the year ending June 30, the filing said.

Price (AUD): $0.13, Change: $+0.010, Percent Change: +8.70%

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The loan is repayable from R&amp;D rebate proceeds, estimated to be around AU$2.3 million for the year ending June 30, the filing said.</p><p>Price (AUD): $0.13, Change: $+0.010, Percent Change: +8.70%</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7067","symbol_name":"生物科技","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2465387683","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2465387683","pubTimestamp":1725581171,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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