Midatech inks $15m loan agreement

Midatech has entered into a four-year senior secured loan agreement with MidCap Financial of up to $15m.

Midatech has received an initial tranche of $7m, with the issuance of further tranches dependent on clinical development milestones.

The funds would be used to support progression towards these and other value-driving product milestones, the company said.

At 9:14am: (LON:MTPH) Midatech Pharma Plc share price was +1p at 37p