Impel Neuropharma Signs $100 Million Royalty and Debt Financing Agreement

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Shares of U.S. CNS-focused pharmaceutical company Impel NeuroPharma (Nasdaq:IMPL) rose 5.3% to $6.98 in early afternoon trading, after hitting $7.24, after announcing two separate transactions with funds managed by Oaktree Capital Management, totaling $100 million in gross funding. .

The transactions include a $50 million royalty agreement on net sales of migraine nasal spray, Trudhesa (dihydroergotamine mesylate), and $50 million of senior secured debt.…

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