BioDebt: Wooing the Lower-Risk Investor
Biotech companies suffer under a financing handicap: they can only attract high-risk equity investors. Now a few companies, albeit with products on the market or nearly so, are borrowing money and, along with interest, paying investors royalties on product sales. They're looking to tap into a group of investors with a lower appetite for risk but who require something more from unproven companies than just a standard interest rate.
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