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Pin to quick picksBiopharma Cred. Share News (BPCR)

Share Price Information for Biopharma Cred. (BPCR)

London Stock Exchange
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Share Price: 0.84
Bid: 0.836
Ask: 0.844
Change: -0.012 (-1.41%)
Spread: 0.008 (0.957%)
Open: 0.85
High: 0.86
Low: 0.84
Prev. Close: 0.852
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BioPharma Credit is an Investment Trust

To generate long-term shareholder returns, predominantly in the form of sustainable income distributions from exposure to the life sciences industry.

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BioPharma Credit Loans USD150 Million To Amicus Therapeutics

Thu, 20th Sep 2018 13:31

LONDON (Alliance News) - BioPharma Credit PLC said Thursday that it has loaned USD150 million to Amicus Therapeutics Inc, a rare metabolic disease-focused biopharmaceutical company.

Under the agreement, the life sciences investment trust will invest USD150 million in a senior secured loan with a term of five years, with 2.0% additional consideration and bears interest LIBOR plus 7.5% subject to a floor of 1.0%.

The funding will be completed from the assets attributable to the C shares of the company only.

Amicus intends to use the proceeds of the financing for business development and general corporate purposes, including commercial operations for the launch of GALAFOLD for Fabry disease, and progressing its clinical program in Pompe disease.

Shares in BioPharma Credit were up 1.4% at USD1.10 on Thursday.

More News
1 Oct 2020 16:55

UK DIRECTOR DEALINGS SUMMARY: Amigo CEO Buys 500,000 Shares

UK DIRECTOR DEALINGS SUMMARY: Amigo CEO Buys 500,000 Shares

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28 Sep 2020 17:28

IN BRIEF: BioPharma Credit Amends Loan With Sarepta Therapeutics

IN BRIEF: BioPharma Credit Amends Loan With Sarepta Therapeutics

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16 Sep 2020 17:51

IN BRIEF: BioPharma Credit Net Asset Value Dips; Portfolio "Resilient"

IN BRIEF: BioPharma Credit Net Asset Value Dips; Portfolio "Resilient"

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16 Sep 2020 16:08

UK EXECUTIVE CHANGE SUMMARY: Cora Hires Ex-Centamin Exploration Exec

UK EXECUTIVE CHANGE SUMMARY: Cora Hires Ex-Centamin Exploration Exec

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9 Sep 2020 19:21

IN BRIEF: BioPharma Credit Secures USD124.5 Million Lexicon Repayment

IN BRIEF: BioPharma Credit Secures USD124.5 Million Lexicon Repayment

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9 Sep 2020 16:00

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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7 Aug 2020 11:02

IN BRIEF: Biopharma Credit's Portfolio Value To Increase On New Loans

IN BRIEF: Biopharma Credit's Portfolio Value To Increase On New Loans

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21 Jul 2020 19:02

IN BRIEF: BioPharma Credit To Ink USD156.2 Million From Amicus

IN BRIEF: BioPharma Credit To Ink USD156.2 Million From Amicus

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18 Jun 2020 16:06

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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26 May 2020 18:05

BioPharma Credit Agrees USD200 Million Credit Facility With JPMorgan

BioPharma Credit Agrees USD200 Million Credit Facility With JPMorgan

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10 Mar 2020 11:46

BioPharma Credit Meets Dividend Target In 2019 As Net Assets Rise

BioPharma Credit Meets Dividend Target In 2019 As Net Assets Rise

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20 Feb 2020 18:17

BioPharma Credit Declares Interim Dividend Of USD0.0303 Per Share

BioPharma Credit Declares Interim Dividend Of USD0.0303 Per Share

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7 Feb 2020 11:01

BioPharma Credit To Provide USD200 Million Loan To Collegium Pharma

BioPharma Credit To Provide USD200 Million Loan To Collegium Pharma

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7 Feb 2020 09:53

BioPharma Credit puts $165m into pharma firm Collegium via loan

(Sharecast News) - Specialist life sciences investor BioPharma Credit has entered into a definitive senior secured term loan agreement with Collegium Pharmaceutical, alongside the BioPharma-V fund, it announced on Friday.

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18 Dec 2019 17:54

BioPharma Credit Invests USD82.5 Million In Global Blood Therapeutics

BioPharma Credit Invests USD82.5 Million In Global Blood Therapeutics

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