BioPhausia's bank credit has been extended, and the Company has rescheduled its bank loan. The bank increased BioPhausia's credit facility by SEK 50 million in response to the Company's new supply contracts with two leading pharmacy chains. On Friday, BioPhausia announced that it had signed long-term supply contracts with Apoteksgruppen and another large pharmacy chain for the delivery of parallel-imported drugs. The parallel trade represents an important business area for BioPhausia and the two agreements are expected to give the Company's sales a considerable boost. "It is encouraging to see the bank supporting the Company's growth and expansion," says BioPhausia's CEO Claes Thulin. "Our increased credit facility is attributable to the signing of agreements with two important customers and the value of these agreements to the Company's future growth." For more information, please contact: Claes Thulin, CEO, tel +46 (0)8-4076430 Henrik Wetterdal, CFO, tel +46 (0)8-4076430 [HUG#1414873]
BioPhausia reschedules bank loan
| Source: BioPhausia AB