Invivyd (IVVD) has signed a $30 million term loan facility with Silicon Valley Bank, a division of First Citizens Bank. The deal allows for drawdown of capital in the future if certain conditions and milestones are met.
"We are pleased to have secured this term loan facility ahead of important anticipated catalysts, including gaining alignment with the FDA on the regulatory pathway of our pipeline candidate, VYD2311," said Bill Duke, CFO of Invivyd.
VYD2311 is a monoclonal antibody candidate being developed for COVID-19 to continue to address the urgent need for new prophylactic and therapeutic options.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.