Furiex Pharmaceuticals Inc (FURX)

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7:00AM Furiex Pharmaceuticals enters into a loan agreement for $15 mln and restructures its existing secured loan (FURX) 43.99 : Co announces it has executed a $15 million debt financing transaction with Fred Eshelman, chairman and a 27.5% shareholder of co. In parallel,

Furiex has also entered into a Second Amended and Restated Loan and Security Agreement with MidCap Financial and Silicon Valley Bank to restructure its existing $40 mln credit facility. The restructured agreement defers payment of principal until May 15, 2014 with a flexible amortization schedule linked to Furiex's receipt of alogliptin royalties.