Shares of Discovery Labs Rally Sharply as Co. Receives $30M Funding Commitment from Deerfield
Discovery Laboratories, Inc. (NASDAQ: DSCO) yesterday after the close announced that it has entered into a secured loan facility with Deerfield Management Company, L.P. (Deerfield) for up to $30.0 million in financing. Deerfield is a leading healthcare investment firm with more than $3.5 billion of assets currently under management.
The stock is up nearly 22 percent at last check.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.