Resverlogix Repays $68.8 Million Loan CALGARY, Alberta,

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
84
Resverlogix Repays $68.8 Million Loan

CALGARY, Alberta, Dec. 06, 2017 (GLOBE NEWSWIRE) -- Resverlogix Corp. ("Resverlogix" or the "Company") (TSX: RVX ) announced today that it has repaid, in full, its CAD$68.8 million Loan (the “Loan”). Upon repayment of the Loan, the Company has no outstanding long-term debt.

Mr. Donald McCaffrey, President and CEO commented, "Retiring the Loan in its entirety significantly strengthens Resverlogix’s financial position and increases our degrees of freedom as we move forward. We would like to thank Eastern Capital for its support in providing the letter of credit, which secured the Loan at a very favourable rate. This attractive financing permitted us to significantly advance the development of apabetalone (RVX-208), including the launch of the Phase 3 trial BETonMACE."

About Resverlogix

Resverlogix is developing apabetalone (RVX-208), a first-in-class, small molecule that is a selective BET (bromodomain and extra-terminal) inhibitor. BET bromodomain inhibition is an epigenetic mechanism that can regulate disease-causing genes. Apabetalone is the first and only BET inhibitor selective for the second bromodomain (BD2) within the BET protein called BRD4. This selective inhibition of apabetalone on BD2 produces a specific set of biological effects with potentially important benefits for patients with high-risk cardiovascular disease (CVD), diabetes mellitus (DM), chronic kidney disease, end-stage renal disease treated with hemodialysis, neurodegenerative disease, Fabry disease, peripheral artery disease and other orphan diseases, while maintaining a well described safety profile. Apabetalone is the only selective BET bromodomain inhibitor in human clinical trials. Apabetalone is currently being studied in a Phase 3 trial, BETonMACE, in high-risk CVD patients with type 2 DM and low high-density lipoprotein (HDL), and is expected to be initiated in a Phase 2a kidney dialysis trial designed to evaluate biomarker changes and safety parameters in up to 30 patients with end-stage renal disease treated with hemodialysis.

Resverlogix common shares trade on the Toronto Stock Exchange (TSX: RVX ).

Follow us on Twitter:  @Resverlogix_RVX  ( https://twitter.com/resverlogix_rvx )

For further information please contact:

Investor Relations Email: ir@resverlogix.com Phone: 403-254-9252 Or visit our website: www.resverlogix.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

GAC's Cambodia Plant: A Strategic Manufacturing Shift

Updated Category News Views 3

Setting the Stage for New Industrial Growth On September 17, a milestone was etched in the sands of Cambodia when the GAC Cambodia KD Plant officially flipped the switch. This ain't just another factory throwing doors open; it's a fresh chapter in regional manufacturing power plays. We had some big hitters in attendance, like Cambodian Prime Minister Hun Manet, showing...

Continue Reading
Tragedy Highlights Need for E-bike Safety Overhaul

Updated Category News Views 5

A Dire Wake-Up Call in the East Village We're staring hard at a heartbreaking mess in the East Village. A 15-year-old girl lost her life while riding an electric Citi Bike, hit by an industrial truck. Let's not dance around it—this is a gut punch, the kind you never want to ever hear about, and one that comes with a bitter flavor of 'what if?' Age Verification: A...

Continue Reading
Papa John's Faces Class Action Over Misleading Info

Updated Category News Views 5

Trouble Brewing for Papa John's Investors Rolling the dice in the stock market sometimes feels like playing the lottery, doesn't it? This time around, it's Papa John's (NASDAQ: PZZA) serving up a slice of turmoil for its investors. The pizza chain's got itself tangled in a class-action lawsuit, and it's the shareholders who're left with a bitter taste. Investors Cry Foul...

Continue Reading
Fast Guard Elevates Nationwide Fire Watch Mission

Updated Category News Views 2

Fast Guard: The Unseen Shield Behind Property Safety Hollywood, Florida might be best known for its sun-kissed beaches, but in the world of fire safety, it’s the nerve center for emergency fire watch response. Fast Guard Service isn’t just any run-of-the-mill security outfit; it’s rapidly becoming the unsung hero of property managers across the nation. When those...

Continue Reading
Quay Dominates 2026 Sunglasses Review for Variety

Updated Category News Views 4

Sunglasses Designed for Every Face Type When it comes to picking the right pair of shades, face shape is only part of the equation. Expert Consumers just dropped their 2026 verdict, spotlighting Quay as the go-to brand for those wider faces, tricky nose bridges, and the noggins that run a tad larger than average. Forget what you heard about one-size-fits-all. This...

Continue Reading
PayPal Under Investigation: Legal Battles Intensify

Updated Category News Views 5

A Bumpy Ride for PayPal's Investors Back in 2025, PayPal was beaming about new growth strategies, filling the air with grandiose promises. Fast forward to February 2026, and the script had flipped entirely. Earnings came in nasty and disappointing, particularly in the Branded Checkout front. Adding to the chaos was their CEO unceremoniously taking the high road out the...

Continue Reading
Insta360 Expands with Times Square Flagship Store

Updated Category News Views 7

Insta360 Times Square Opening Marks Bold Expansion I dropped by Times Square today, and what do I see? Insta360 planting its flag right in the heart of New York City. Now, this isn't your run-of-the-mill grand opening—it’s the first flagship store outside of Asia, and it screams of big ambitions. Nestled at 1515 Broadway, the store is smack in the middle of one of the...

Continue Reading
Xi Jinping Thought: A Bold Prospect for Future Governance

Updated Category News Views 5

107 years in the game, and the Communist Party of China (CPC) isn't showing any signs of slowing. With their recent conference in Beijing focusing on Xi Jinping Thought on Party Building, it’s clear they’ve got their eyes on the future, not just resting on past laurels. This Xi Jinping Thought is about a thorough self-improvement plan for the Party, a clear strategy...

Continue Reading
Flying Car Regulatory Sandbox Begins in UAE

Updated Category News Views 7

Pioneering Flying Cars in the Desert In a move that seems right out of a science fiction screenplay, ARIDGE—the bigwig of flying cars from Asia—has taken a giant leap. They’ve cozied up with the UAE, locking arms to cook up the world's first regulatory sandbox for personal flying cars. Now, don’t laugh—sandbox isn't just for toddlers. It’s the playground where...

Continue Reading
USPS Rolls Out Christmas Cookie Stamps Nationwide

Updated Category News Views 5

USPS Delivers Nostalgia with Cookie-Themed Stamps Let's talk stamps, folks. The U.S. Postal Service has rolled out its newest Christmas Cookies Forever stamps, bringing a dash of sugary nostalgia to mailboxes nationwide. The release was celebrated at the Smithsonian National Postal Museum, spotlighting a tradition as sweet as the sugar cookies themselves. These aren't...

Continue Reading

Top 5 Most Recently Viewed Articles

Best MDR Providers for Businesses in 2026

Updated Category Business Views 39

The MDR market has stopped being a single category. What a 40-person accounting firm needs from managed detection and response has little in common with what a 12,000-seat manufacturer needs, yet both are sold from the same vendor pages. The result is badly matched contracts. Small businesses pay enterprise per-endpoint rates for capability they cannot consu

Continue Reading
Sweden Takes Bold Step to Trademark Its Name for Tourists

Updated Category News Views 98

Sweden Takes a Bold Move to Trademark Its Name The application arises as Visit Sweden aims to alleviate travel confusion among tourists. In an intriguing twist, Sweden has embarked on a mission to trademark its own name. This revolutionary step is not just a legal maneuver but also a heartfelt commitment from the nation known for its iconic cinnamon rolls and fika. By...

Continue Reading
Ollie's Bargain Outlet Expands Presence Amid Strong Analyst Support

Updated Category News Views 124

Ollie's Bargain Outlet Gains Momentum in Retail Expansion Ollie's Bargain Outlet (NASDAQ: OLLI) has recently caught the attention of market analysts, particularly with KeyBanc maintaining an Overweight rating on its shares and setting a price target of $105.00. The firm believes Ollie's is on an exciting growth path, primarily driven by strategic acquisitions and...

Continue Reading
Exploring the Science Behind Enterogermina's Unique Toasting Challenge

Updated Category News Views 321

Revolutionary Toast Challenge by Enterogermina Enterogermina, renowned in the probiotic market and a part of Opella, Sanofi's Consumer Healthcare division, has launched a distinctive campaign that playfully challenges the universal laws of physics. This initiative, dubbed The Anti-Murphy's Law Toast, brings forth a unique question: is it permissible to eat food that has...

Continue Reading
SOSi Secures Significant State Department Contract in Qatar

Updated Category News Views 204

SOSi Secures State Department Contract SOSi recently announced a significant achievement, having been awarded the Operations and Maintenance Support Services (OMSS) contract by the Department of State. This contract is pivotal for supporting the Coordinator of Afghan Relocation Efforts, known as CARE. Comprehensive Support Services As part of this important contract, SOSi...

Continue Reading