Aimmune enters into loan agreement with KKR; Boehringer bags rights to second RNAi drug from Dicerna
→ Having submitted its FDA application to market its peanut allergy drug in December — in effect leapfrogging rival DBV Technologies $DBVT — Aimmune Therapeutics $AIMT has entered into a $170 million loan agreement with investment firm KKR.
*sigh* When will biotech's ever learn? Don't issue debt unless you are already profitable. Things can go wrong. $SGYP is a great recent example of this, an FDA approved product that is selling (though less than expected) but they're still going bankrupt because of debt. $AIMT https://t.co/lO3glhFa1x
— Maxim Jacobs, CFA (@MaxJacobsEdison) January 4, 2019
→ Germany’s Boehringer Ingelheim has picked up rights to a second RNAi program from Dicerna. the pact is centered in finding new drugs for NASH.
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