Business

Mass. Movers

Curis takes on $30 million worth of debt

Advertisement

Curis Inc., a Lexington company developing small-molecule cancer drugs, said it will enter into a $30 million debt transaction, secured with certain future Erivedge royalties, with an investment fund managed by Pharmakon Advisors. Erivedge is the first and only US-approved medicine for people with advanced basal cell carcinoma, a press release said. It is developed and marketed by Genentech. The royalty payments that Curis will be entitled to under a collaboration with Genentech will be the source of funds to repay the loan.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com