Rocket Pharmaceuticals shares rise 4% after securing access to $150 million credit facility
Rocket Pharmaceuticals shares rose 4% on Wednesday after the company secured access to up to $150 million through a credit facility with Hercules Capital. The facility is intended to support its pivotal Phase 2 RP-A501 study for Danon disease and its broader cardiovascular pipeline.
Why it matters — The facility provides additional capital for Rocket's clinical study and cardiovascular pipeline.