(via NewsDirect)
He highlights the success of the fundraise, which comprised
He explains that the new funding is going to be put to use in "paying off an existing loan, increasing our working capital needs and then certainly some commercial investments to accelerate the curve that we're seeing here."
The curve he describes is the marked increase in demand for Shield's Accrufer product, which is a stable, non-salt based oral therapy for adults with iron deficiency that is designed to avoid some of the unwanted side-effects of conventional iron tablets.
He says he "can't speak highly enough about the dedication and passion of [his] team at Shield, but also about our partner Viatris... we made an excellent choice... we couldn't be more pleased with the partnership and the collaboration we're seeing."
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