ZYUS Life Sciences Secures $1M to Support Growth
Company Announcements

ZYUS Life Sciences Secures $1M to Support Growth

Story Highlights

ZYUS Life Sciences (TSE:ZYUS) has released an update.

ZYUS Life Sciences Corporation, a Canadian life sciences firm, has secured a CAD$1,000,000 unsecured loan from an independent director to bolster its working capital. The loan, with a 12% annual interest rate, is due by April 2025 but can be repaid earlier if the company raises at least $10 million through equity offerings. This financial move is expected to support ZYUS in its mission to develop non-opioid pain management therapies.

For further insights into TSE:ZYUS stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskZYUS Life Sciences Secures $2 Million Loan
TipRanks Canadian Auto-Generated NewsdeskZYUS Life Sciences Secures $3.3M in Private Placement
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App