debt
confidence high
sentiment positive
materiality 0.65
Nutriband secures $2M credit line for AVERSA Fentanyl commercialization
NutriBand Inc.
- Three-year $2,000,000 credit line at 7% interest, non-convertible to common stock.
- Proceeds to fund FDA approval process and commercial manufacturing of AVERSA Fentanyl.
- AVERSA Fentanyl is an abuse-deterrent fentanyl transdermal system using proprietary technology.
- Potential peak annual US sales estimated at $80M-$200M per 2022 market analysis.
- Financing is non-dilutive, supporting growth strategy without equity dilution.