MONTREAL, Canada, July 9, 2015 – Knight Therapeutics Inc. (TSX: GUD) (“Knight”), a leading Canadian specialty pharmaceutical company, announced today that it has invested in the Bloom Burton Healthcare Lending Trust (the “Trust”) managed by Stratigis Capital Advisors Inc. Knight subscribed for $500,000 Trust units as part of a $15.9 million private placement. The Trust will use the proceeds to invest in debt and debt-like securities of emerging commercial-stage public and private Canadian healthcare companies that have been overlooked by traditional lenders.
“Our lending strategy is paying dividends. To date, Knight’s approximately CAD$75 million invested on a fully-secured basis has yielded a double digit return and, more importantly, secured the exclusive distribution rights to 7 innovative pharmaceutical products, OTC offerings, and medical devices in Canada and select international markets,” said Jonathan Ross Goodman, President and CEO of Knight. “We expect that this new investment will lead to additional secured lending opportunities with product rights for Knight.”
About Knight Therapeutics Inc.
Knight Therapeutics Inc., headquartered in Montreal, Canada, is a specialty pharmaceutical company focused on acquiring or in-licensing innovative pharmaceutical products for the Canadian and select international markets. Knight's shares trade on TSX under the symbol GUD. For more information about Knight, please visit the company's web site at www.gud-knight.com or www.sedar.com.