MDRNA Pays Off $5.5M Debt

6/16/09

MDRNA, the Bothell, WA-based developer of RNA interference drug technology, said today it has paid back all of its debt to GE Capital. The company paid back a $5.5 million loan, removing all liens on its intellectual property, equipment or other assets, MDRNA said. The company (NASDAQ: MRNA) ran low on cash earlier this year, although it struck a deal with Novartis in March that brought in $7.25 million and raised $10.5 million from investors earlier this month to replenish its balance sheet.

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