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EpiCept repays credit agreement


EpiCept Corp., a Tarrytown-based biotech company, said that it has repaid the outstanding principal balance and fees of a $10 million credit agreement with Hercules Technology Growth Corp., a specialty finance company in Palo Alto, Calif. EpiCept added that it has no further obligations under this agreement. EpiCept hopes to file an application seeking U.S. regulatory approval for Ceplene, a new leukemia treatment, during the second half of 2009.

This entry was posted on Tuesday, February 24th, 2009 at 6:09 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Credit



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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.


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