Echo extends maturity of note sold to Imperium

By Devika Patel

Knoxville, Tenn., March 24 - Echo Therapeutics, Inc. has extended the maturity date of an original issue discount senior secured note that was sold to Imperium Master Fund, Ltd. in a March 2008 private placement, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The new maturity date is April 24, 2009.

The note came due on March 24. The purpose of the extension is to provide the company and Imperium sufficient time to amend their loan agreement, the March 2008 note and all other senior secured notes issued by the company to allow for a one-year extension of the notes' maturity dates.

Franklin, Mass.-based Echo is a dual platform-enabled, specialty therapeutics and diagnostics company.

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