Novelion Therapeutics Subsidiary Enters into $20 Million Term Loan Agreement with Sarissa Capital and Broadfin Capital

Mar 15, 2018

VANCOUVER, British Columbia, March 15, 2018 (GLOBE NEWSWIRE) -- Novelion Therapeutics Inc. (NASDAQ:NVLN), a biopharmaceutical company dedicated to developing new standards of care for individuals living with rare metabolic diseases, today announced that subsidiary Aegerion Pharmaceuticals, Inc. has entered into a new secured financing facility with affiliates of Sarissa Capital Management and Broadfin Capital (the “Lenders”) providing for a $20 million term loan to Aegerion, which has been fully drawn. Aegerion plans to use the capital to support the ongoing development of metreleptin in additional indications and for general corporate purposes.

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