DGAP-News: Newron Receives Fourth Tranche from Financing Agreement with European Investment Bank (EIB)
The EIB loan is backed by the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe.
- The EIB loan is backed by the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe.
- Tranche 4 consists of EUR 7.5 million and will primarily be used to support the Company's development programs in diseases of the central nervous system.
- The first three tranches of the loan totaling EUR 25 million were received by Newron in 2019 and 2020.
- Newron is developing evenamide as the potential first add-on therapy for the treatment of patients with positive symptoms of schizophrenia.