Sweden: Palette turns to OrbiMed for debt facility in wake of SVB collapse – LaingBuisson News

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Global life sciences company, Palette Life Sciences, has signed a debt financing facility for up to US$75m with healthcare investor, OrbiMed. The non-dilutive capital provides further financial flexibility to support global commercial and product development activities across its product portfolio, while a portion of the proceeds will go towards paying Palette’s outstanding balance under its…

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Nick Herbert has over 30 years’ experience in the financial markets, as both a practitioner and journalist. He started work as an investment banker in London, before joining International Financing Review (IFR) to report on debt capital markets and derivatives. He moved to Singapore in 2000 to manage IFR’s financial markets editorial team throughout Asia, before returning to London in 2009 to take up the position of Publisher for Reuters Capital Markets Publications. For the last five years he has been covering global capital markets, ESG finance and healthcare markets on a freelance basis.

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