Herantis: Receives waive-off from Business Finland for development loan - Redeye

Redeye endorses yesterday’s news that Business Finland has waived-off around EUR4.5m of the principal amount from a development loan focusing on CDNF. According to the release, Herantis will no longer have any loans from Business Finland after a final payment of EUR40 thousand. We make no immediate adjustments to our valuation but welcome this decision that strengthens the company’s balance sheet substantially. We look forward to the phase Ia top-line data expected in Q4 this year.

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