Navigation Links
Plethora and Paul Capital Healthcare sign a $25 million revenue interest financing agreement with an option for an additional $3 million equity investment
Date:4/1/2008

LONDON, April 1, 2008 /PRNewswire/ -- Plethora Solutions Holdings PLC ("Plethora", AIM: PLE), the developer of specialist products for the treatment and management of urological disorders, today announced that it has entered into a revenue interest financing agreement with Paul Capital Healthcare. Through this agreement, Plethora will receive up to $28 million in cash with $15 million payable upon signature and a further $10 million upon first commercial sale of PSD502 (PLE's development stage product for the treatment of premature ejaculation) in the USA, subject to certain conditions. In return, Paul Capital Healthcare will receive an interest in the revenues generated from Plethora's male health portfolio. In addition, under certain pre-agreed conditions, Plethora will have the option to have Paul Capital Healthcare invest an amount of $3 million by way of equity subscription in 2008. The initial payment of $15 million will provide working capital to underwrite ongoing Phase III programmes in premature ejaculation and erectile dysfunction as well as strengthening the Plethora balance sheet to facilitate potential product and corporate transactions. Additional terms of the transaction are not disclosed.

The revenue interest will be paid by Plethora primarily on revenues derived from sales of ErecAid, PSD502 and PSD510. ErecAid is marketed by Plethora's subsidiary, Timm Medical, for the treatment of erectile dysfunction; while PSD502 and PSD510 are in Phase III clinical development for the treatment of premature ejaculation and erectile dysfunction respectively. Future revenues from the remainder of the existing Plethora portfolio for the treatment of female urological disorders are not covered under this agreement.

Alongside this transaction, Plethora has amended and expanded the existing convertible debt facility with ETV Capital S.A that the Company put in place in July 2007. As part of this revised arrangement, ETV Capital S.A. could potent
'/>"/>

SOURCE Paul Capital Healthcare
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4

Related biology technology :

1. Vermillion Meets Minimum Bid Price and Receives NASDAQ Staff Determination Letter for Minimum Market Capitalization
2. Pharmasset Receives $10 Million of Working Capital
3. Alexza Completes $10 Million Equity Financing with Bio*One Capital to Initiate Commercial Manufacturing in Singapore
4. Insmed Announces Listing Transfer from Nasdaq Global Market to Nasdaq Capital Market
5. Bio-Clean International, Inc. to Present at Bluechip Capital Investment Forum
6. National Stem Cell Holding, Inc. Has Engaged BMA Securities to Assist and Advise the Company With Its Current Capital Raise of $3,500,000
7. AEterna Zentaris to Present at the Upcoming Roth Capital Partners 20th Annual OC Growth Stock Conference in Dana Point, California
8. AspenBio Pharma to Present at the Roth Capital Partners 20th Annual Growth Stock Conference
9. CryoLife to Present at Roth Capital Partners 20th Annual Orange County (OC) Growth Stock Conference
10. WaferGen to Present at the Roth Capital Partners 20th Annual OC Growth Stock Conference
11. Ardea Biosciences to Present at Roth Capital Partners 20th Annual OC Growth Stock Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/4/2008)...e-FirstCall/ -- Hologic, Inc.,(Nasdaq: HOLX ) tod...cer,will be presenting at the Morgan Stanley Glob...ember 9, 2008, at the Grand Hyatt Hotel in New,Yor...to a live audio webcast of,Hologic,s investor pres....,Eastern Time on the investor section of the Com...
(Date:9/4/2008)...s of $88.4 million, up 14% from the, prior year,s...ncrease of, 47% over last year,s third quarter - ...operating cash flow of $62 million) - Raising full...gs guidance, COLUMBIA, Md., Sept. 4 /PRNewswire-F...q: MATK ) today announced its financial results f...
(Date:9/4/2008)...e/ -- The Ohio State University,Medical Center has...s,translating scientific breakthroughs in the labo... national Personalized Health Care Conference on,O...y makers, health care providers,researchers, indu...atient,advocacy groups will be among the more than...
(Date:9/4/2008)...swire/ -- SleepQuest has partnered,with ResMed, a ...p-disordered breathing, to conduct clinical trials...ents with Obstructive Sleep Apnea from,wherever th...e easily,provide data that can be used to improve ...ent., "We take pride in working with companies on...
Breaking Biology Technology:Hologic to Present at the Morgan Stanley Global Healthcare Unplugged Conference 2Martek Announces Third Quarter 2008 Financial Results 2Martek Announces Third Quarter 2008 Financial Results 3Martek Announces Third Quarter 2008 Financial Results 4Martek Announces Third Quarter 2008 Financial Results 5Martek Announces Third Quarter 2008 Financial Results 6Martek Announces Third Quarter 2008 Financial Results 7Martek Announces Third Quarter 2008 Financial Results 8Martek Announces Third Quarter 2008 Financial Results 9Martek Announces Third Quarter 2008 Financial Results 10OSU to Host National Personalized Health Care Conference 2Latest Sleep Disorder Technology Tested With SleepQuest 2
...sitions, many smart investors have turned to takin...ted it into REITs (Real Estate Investment Trusts)....nt returns to their investors. These are great ret...bombs lurking behind the marble facades and talkin...ups fail to look at are the technology issues asso...
...g road show is making its way around Wisconsin to ... areas of scientific research - embryonic stem cel...keptics are walking away a little less skeptical. ...e Wisconsin Technology Council , and Sue Carlson,...nstitute , are being made on behalf of the Wiscons...
...fter the launch of wireless Internet service in do...xpressed a preference for the wireless service off...band , which provides wireless Internet service in... at Dane County Regional Airport , is trying to m...ill add indoor wireless access points in the concr...
...re looking at passing statewide bills that will gi...ise in order to put in Project Lightspeed or U-ver...ity. , ,I think that is great. Pass HB 1500 in Ill... for a statewide franchise, there must be a mandat...connection of no less than 1 Gbps by 2010. That wo...
Other Biology Technology:Lack of connectivity is real estate's hidden time bomb 2Lack of connectivity is real estate's hidden time bomb 3Lack of connectivity is real estate's hidden time bomb 4Lack of connectivity is real estate's hidden time bomb 5Traveling stem cell show continues state tour 2Traveling stem cell show continues state tour 3Proposed telecom bill would have Katrina impact 2Proposed telecom bill would have Katrina impact 3Proposed telecom bill would have Katrina impact 4Proposed telecom bill would have Katrina impact 5
(Date:9/5/2008)...employing a sophisticated computer model pioneered...ure has found that many governments worldwide are ..., Despite the availability of many drugs and the...policies recommend using what is known as a single...eatedly with many patients. Writing in the Sept. 1...
(Date:9/5/2008)...udies of aging typically utilize small, short-live...itions constant temperature and humidity, no para...y enough, very little is known about aging in such...ments. Could it be that these laboratory "guinea p...ry than do their wild cousins?, Nori Kawasaki, Ro...
(Date:9/5/2008)... -- Innovative work on a new type of heart stent s...fessor of mechanical engineering at Virginia Tech,...r Development (CAREER) award of $400,000. , The... of specific models and experiments to describe wh... that has a unique type of in situ polymer strain-...
(Date:9/5/2008)...locate may have evolved more than once, according ...versity of London scientists. , Species of bat w...ether in the evolutionary tree of life - some are ...e fruit bats. This has raised the question of whet...e, or whether the fruit bats somehow lost their ab...
Breaking Biology News(10 mins):Best way to treat malaria: Avoid using same drug for everyone, scientists say 2Best way to treat malaria: Avoid using same drug for everyone, scientists say 3Old before their time? Aging in flies under natural vs. laboratory conditions 2Goulbourne earns NSF award to research heart stent sensors 2Goulbourne earns NSF award to research heart stent sensors 3Molecular evolution is echoed in bat ears 2Amylin Pharmaceuticals to Present at BioCentury NewsMakers Conference Thomas Weisel Healthcare Conference and Bear Stearns Healthcare Conference 295 1Amylin Pharmaceuticals to Present at BioCentury NewsMakers Conference Thomas Weisel Healthcare Conference and Bear Stearns Healthcare Conference 295 2Growing Number of U S Kids Not Getting Needed Vaccinations 336 1Growing Number of U S Kids Not Getting Needed Vaccinations 336 2Growing Number of U S Kids Not Getting Needed Vaccinations 336 3Growing Number of U S Kids Not Getting Needed Vaccinations 336 4Blood flow detector software show promise in preventing brain damage 335 1Blood flow detector software show promise in preventing brain damage 335 2Health Plans Increase Use of Health Incentives 332 1
...rsity biochemists aided by Duke computer scientist...ikely way two key enzymes dock in an intricate thr...n. Solving the docking puzzle could lead to antica...nd some cancers, said the researchers. , Signific...us biochemical studies, but also from using sophis...
...ASU researchers led by Nongjian Tao and Peiming Zh...r the detection of DNA mutations. , Their results,...nal Academy of Sciences, demonstrate for the first...se mutations, or single nucleotide polymorphisms (...tance of a single DNA molecule. , SNPs are burie...
...s at Oregon State University have made a major dis...ge for profound advances in plant genetics or biot...e first time a protein that can cross plant cell m...e cell. It had been known that viruses and bacteri...nt cells, but never before has a protein been foun...
...pressure has finally seen the price of antiretrovi...ut a lack of cheap, simple diagnostics to enable d...tumbling block. , Now scientists from two New Yor...and-held sensor that checks the health of a patien... take a week to get the same results back from the...
Other Biology News:'Computer-chemistry' yields new insight into a puzzle of cell division 2'Computer-chemistry' yields new insight into a puzzle of cell division 3'Computer-chemistry' yields new insight into a puzzle of cell division 4ASU researchers 'wire' DNA to identify mutations 2ASU researchers 'wire' DNA to identify mutations 3Biologists discover new pathway into plant cells 2Biologists discover new pathway into plant cells 3Cheap, rapid hand-held check for HIV 2
This buffer is Specifically formulated to be used with Endogen's Poly-HRP Streptavidin
...ice-coil scanning and positioning system is design... positioned or scanned with high velocity and high...ompared to micropositioners with conventional lead...iven by an integrated, non-contact, zero-friction,...
... Synthesis and Labeling Kit generates labeled cDNA...First unmodified cDNA is made via a reverse transc...mer. Unlike other methods, there are no unnatural ...tion reaction. This unmodified cDNA is then labele...
...roducts feature a dual strength adhesive system wh...er use. The adhesives on either side of the frame ... to the glass has an easy release adhesive whereas... a stronger bond. This means that when the coversl...
Biology Products: