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CytoDyn raises $25M in convertible debt deal to fund its license applications and coronavirus trials



CytoDyn Inc (OTCQB:CYDY) CEO Nader Pourhassan tells Proactive the group has gone through a second non-dilutive convertible debt offering with an institutional investor, delivering $25 million of immediately available capital for the company’s license applications and coronavirus (COVID-19) trials.

What’s more, Pourhassan also commented on Pfizer and Eli Lily’s efforts to develop vaccines, and how this impacts CytoDyn. He also updated investors on the status of the group’s ongoing coronavirus-focused clinical trials.

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