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Posted On: 09/05/2012 8:05:05 AM
Post# of 99212
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Posted By: fitzkarz
Re: Pharaoh #11501

Peregrine Pharmaceuticals ( NASDAQ PHM ) stock increased 3.98% to $2.61. The company said it has secured a $30 million term loan from Oxford Finance, which was the lead lender, MidCap Financial, and Silicon Valley Bank. Under the loan facility, the company received initial funding of $15 million and has an option to receive an additional $15 million.

Additionally, the company announced that Steven King, president and CEO, will present at the 2012 Stifel Nicolaus Healthcare Conference at The Four Seasons Hotel in Boston, Massachusetts on Wednesday, September 5, 2012 at 2:40 PM Eastern Daylight Time.


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