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Trinity Biotech secures $5.5M extra funds, extending payment terms and issuing more warrants.
Trinity Biotech, a diagnostics company, has amended its agreements with lender Perceptive Advisors, gaining $5.5 million in additional liquidity.
This includes extending a $5 million deferred payment to 2025 and issuing more warrants.
The extra funds will support the company's transformation plan and development of continuous glucose monitoring technology, as well as help with the recent WHO-approved shift to lower-cost manufacturing.
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Trinity Biotech asegura $5.5M de fondos extra, ampliando los términos de pago y expidiendo más órdenes de pago.