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Arcus Borrows $250m Despite Having $1bn In The Bank

 
• By Elizabeth Cairns

A loan from Hercules Capital will fund Phase III development of renal cancer drug casdatifan, perhaps signaling low expectations of a Gilead opt-in.    

Close up of businessman hand giving money, Russian banknotes, to his partner on the table - loan, bribery and corruption concepts
• Source: Shutterstock

Public companies seeking outside funding for a late-stage trial have several avenues open to them – find a partner, offer more shares or seek a private investment in public equity (PIPE) deal. But what if neither partners nor investors bite? The next best thing might be to take out a loan.

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