Sunday August 9, 2020

Merrion to repay €5.6m loan to Declan Ryan’s Irelandia

Merrion said it would have about €4 million in cash left

Ian Guider

Markets Editor

29th November, 2015
Shares in Merrion have lost about 61 per cent of their value this year

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...

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