Sienna gets $40 million in financing from Silicon Valley Bank

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Sienna Biopharmaceuticals gets $40 million in financing from Silicon Valley Bank

By Staff Report / Monday, July 2nd, 2018 / Comments Off on Sienna Biopharmaceuticals gets $40 million in financing from Silicon Valley Bank

Sienna Biopharmaceuticals announced a $40 million financing deal with Silicon Valley Bank, $30 million of which it drew immediately upon closing. President and CEO Frederick Beddingfield characterized the terms of the loan agreement as “very favorable.” “We believe this additional, non-dilutive capital strengthens our balance sheet, extending our cash runway beyond our nine clinical data…

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