CardieX Secures $1.12M Loan for R&D Initiatives

CardieX Limited (AU:CDX) has released an update.

CardieX Limited has secured a new R&D Term Loan Facility of $1.12 million from Mitchell Asset Management to support its research and development efforts and working capital needs. The loan, expected to be repaid with future R&D Tax Incentive refunds, brings CardieX’s total outstanding principal to MAM to $2 million. The funds will help the company continue developing medical technologies for cardiovascular and vascular health disorders.

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