Belluscura PLC (GB:BELL) has released an update.
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Belluscura PLC has secured a $4 million credit facility with Sallyport Commercial Finance to enhance its manufacturing and distribution operations for the DISCOV-R® portable oxygen concentrator. This strategic move supports the company’s plan to formally launch the device, which is anticipated for full production in early 2025, following a successful soft launch. The credit facility is expected to boost Belluscura’s reach into the business-to-business market, capitalizing on growing demand.
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