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The non-dilutive funding reduces equity dilution risk and extends runway, enabling likely advancement to Phase 3 with less immediate funding pressure; positive read-through for APGE's valuation and optional milestones.
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Apogee announced a strategic financing with Blackstone Life Sciences for up to $1.3 billion in flexible, non-dilutive capital to advance zumilokibart. The package comprises up to $800 million in synthetic royalty and up to $500 million in senior debt, extending cash runway and reducing the need for future equity ahead of Phase 3 commercialization. The company will discuss Apex Phase 2 Part B results in a webcast today at 8:00 a.m. ET.
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