Sweden: IRRAS signs €10 million loan financing deal with EIB
The financing from the EIB falls under the new venture debt programme of the European Guarantee Fund, set up in 2020 to assist European companies that have come under strain due to the COVID-19 pandemic.
EIB | Stockholm | Updated: 29-07-2021 22:33 IST | Created: 29-07-2021 22:33 IST
The initial loan amounts will be received during 2021 and will be allocated to fund next-generation product development and clinical trial efforts based in the European Union. Image Credit: Flickr
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IRRAS, a commercial-stage medical technology company with a comprehensive portfolio of innovative products for neurocritical care, has signed a loan financing agreement with the European Investment Bank (EIB), amounting to €10 million. The financing agreement with the EIB will provide non-dilutive financing for the company to accelerate product development and clinical data generation for its IRRA flow platform in the Europ
Sweden: IRRAS receives loan financing under European Guarantee Fund
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