TuHURA Biosciences Secures $50 Million Credit Facility

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2026.04.22 11:58
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TuHURA Biosciences has secured a $50 million revolving credit facility from Parkview Holdings One LLC, maturing in 2031 at a 12% interest rate. This funding will support ongoing clinical trials and extend the company's cash runway into early 2028. The agreement includes a $5 million commitment fee, profit-based repayments, and royalty obligations on future sales. Analysts rate HURA stock as a Buy with a $7.00 target, but concerns about financial fundamentals and corporate-event risks persist. TuHURA focuses on developing immuno-oncology therapeutics for advanced cancers.