SetPoint Medical signs term loan for $65 million with Runway

Chicago, Jan. 19 – SetPoint Medical expanded its credit facility and signed for a $65 million senior secured term loan facility from Runway Growth Capital LLC, according to a press release.

The loan expands an existing credit facility with Runway.

Proceeds will be used to complete the ongoing Reset-RA study for a drug that will target rheumatoid arthritis for patients with an intolerance to biologic drugs.

SetPoint, a Valencia, Calif.-based health care company, focuses on treating patients with chronic autoimmune diseases.

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