The Company intends to use the funds to repay the outstanding amount of its existing senior secured loan provided by Oramed Pharmaceuticals Inc., which is approximately $85 million. The Company intends to use the rest of the funds raised, which is estimated to be $15 million, for general corporate purposes.
Reported Earlier, Scilex Secures 5-Year Term Of $100M In Royalty-Based Financing For Non-Opioid Pain Management Expansion
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