Imperial Innovations secures L30M loan

Imperial Innovations Group plc (LSE:IVO) secured a 12-year, L30 million ($45.7 million) loan from the European Investment Bank. The technology commercialization and investment firm said the loan -- which will comprise two tranches of L15 million ($22.8 million) -- will allow it to increase the rate and scale of its investments in new technologies and existing companies in the biotech and therapeutics space. Imperial Innovations plans to draw down the first tranche "shortly." ...