SetPoint Medical Announces Expanded $65M Credit Facility to Support Development of the Company's Novel Platform for Rheumatoid Arthritis

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Jan 19, 2023

SetPoint+Medical, a clinical-stage healthcare company dedicated to patients with chronic autoimmune diseases, today announced a senior secured term loan facility of up to $65 million from Runway+Growth+Capital+LLC (“Runway”), a leading provider of growth loans to both venture and non-venture backed companies. The loan is an expansion of an existing credit facility with Runway. The company recently+announced an $80 million equity financing to advance its novel platform for the treatment of autoimmune disease.