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Faron Pharmaceuticals Ltd. has secured up to EUR 30 million in debt funding from IPF Partners to advance its pipeline programs. The agreement includes an initial tranche of EUR 10 million, which will be drawn down immediately, and additional tranches of EUR 5 million and EUR 15 million subject to specific conditions. This funding is crucial for maintaining operational liquidity through Q4 2022 and progressing clinical trials, specifically for the investigational therapy bexmarilimab. The financing agreement also enables IPF Partners to gain warrants for ordinary shares in the company.
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