Ondine Biomedical, Inc. (GB:OBI) has released an update.
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Ondine Biomedical Inc. has announced that CEO Carolyn Cross provided the company with a C$285,000 loan for additional working capital, with no interest or set repayment terms. The funding from the founding shareholders, who own 49.5% of the company, is to support Ondine while it seeks longer-term financing, expected to be secured in Q4. Ondine specializes in photodisinfection technology and is moving towards regulatory approval for its Steriwave nasal photodisinfection system in the US.
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