Rocket Pharmaceuticals enters into $150 million credit facility agreement with Hercules Capital
RCKT Rocket Pharmaceuticals Inc
$2.54 +2.22%
View chart & analysis → 
- 1Rocket Pharmaceuticals has entered into a $150 million credit facility agreement with Hercules Capital.
- 2Rocket Pharmaceuticals drew $35 million at the time of the agreement.
- 3Combined with existing reserves, the funds will be managed until the third quarter of 2028, Rocket Pharmaceuticals' projected cash runway.
So what's the key point?
Rocket Pharmaceuticals has agreed to borrow $150 million from Hercules Capital. This money provides the cash needed to fund operations through the third quarter of 2028.
Source Pharmaceutical Technology +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.