Merrion to repay €5.6m loan to Declan Ryan’s Irelandia
Merrion said it would have about €4 million in cash left
Merrion Pharmaceuticals is to repay a €5.6 million loan to Declan Ryan’s Irelandia investment fund as the company changes its business strategy.
Merrion last week announced that it was selling most of its intellectual property assets to the drug giant Novo Nordisk for up to $10 million (€9.4 million).
As part of the deal it will use the cash it receives to repay a loan, interest and fees due to Irelandia. The loan was due to be...
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