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Eiger BioPharmaceuticals gets final approval to use cash collateral
By Sarah Lizee
Olympia, Wash., April 25 – Eiger BioPharmaceuticals, Inc.’s motion to access cash collateral was approved on a final basis by the U.S. Bankruptcy Court for the Northern District of Texas, according to an order filed Wednesday.
The motion had drawn an objection from Innovatus Life Sciences Lending Fund I, LP, the only secured lender with an interest in the collateral, but an earlier order said all objections had either been withdrawn or overruled.
The Palo Alto, Calif.-based biopharmaceutical company filed bankruptcy on April 1 under Chapter 11 case number 24-80040.
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