An update from Ibio (IBIO) is now available.
iBio CDMO LLC, a subsidiary of iBio, Inc., has settled its obligations with Woodforest National Bank by paying $8,500,000 from the sale of its property to The Board of Regents of the Texas A&M University System. The sale, which included land, improvements, and personal property in Brazos County, Texas, helped to fully satisfy the terms of their Credit Agreement. While the financial information presented is preliminary and not indicative of the final financial position, the Company has also issued a press release regarding the transaction, emphasizing that it is not to be considered filed under SEC regulations.
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