
US immunotherapy company ImmunityBio (Nasdaq: IBRX) has secured $75 million in non-dilutive financing under its existing Royalty Interest Purchase Agreement (RIPA) with Oberland Capital, an announcement that sent its shares 8% higher in Tuesday morning’s trading.
The amendment has increased the total committed capital under the agreement to $375 million, with the existing terms maintained and a modest increase in the royalty payback rate while maintaining the royalty cap.
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