Updated Oct. 1, 2013 at 8:29 a.m.

Premium Lock Furiex Pharmaceuticals Chairman Fred Eshelman loans the firm $15M

Published: 2013-10-01 08:24:00
Updated: 2013-10-01 08:29:43

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Fred Eshelman, the founder of PPD which spun out Furiex Pharmaceuticals in which he is the largest shareholder, is now bankrolling the firm with a cash infusion of $15 million. He will earn 9 percent interest on the loan. Furiex also says it has restructured a $40 million credit facility....

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