Innate Pharma: two EMPs for 28.7 million euros


Innate Pharma has obtained non-dilutive financing of 28.7 million euros in the form of two State Guaranteed Loans (PGE) from Socit Gnrale and BNP Paribas. These two loans have an initial maturity of one year with an option to extend up to five years. They are 90% guaranteed by the French State as part of a system put in place to support companies facing the Covid-19 health crisis.

“This additional financing gives us the opportunity to strengthen our cash position and our research and development activities in France. We would like to thank our partner banks in the operation, Socit Gnrale and BNP Paribas, for their support,” comments Frdric Lombard, Vice – senior chairman, Chief Financial Officer of Innate Pharma.



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