TiGenix secures EUR 10 million in financing from Kreos Capital Company

TiGenix (Euronext Brussels: TIG) announced today that it has signed a structured debt financing agreement of up to EUR 10 million with Kreos Capital (Kreos), Europe's largest and leading provider of growth debt to high-growth companies. Kreos will tranche to TiGenix EUR 5 million in early February 2014; EUR 2.5 million by end of May, 2014; EUR 2.5 million by end of September, 2014. TiGenix is going to deposit this investment into finalizing the Phase III trial of its lead product Cx601 and filing for European registration.