Aslan Pharmaceuticals Ltd (NASDAQ: ASLN) Announces Securing Of Loan, And Qumu Corp (NASDAQ: QUMU) Makes Available New Software Service

Aslan Pharmaceuticals Ltd (NASDAQ: ASLN) made an official announcement that the company has secured a loan. The funds will be used to advance the clinical development of ASLAN003. The same is used for general corporate purposes besides also being used for the potential treatment of autoimmune gastrointestinal and skin diseases and disorders. According to reports, the company will begin a phase 2 clinical trial for ASLAN003 in inflammatory bowel disease in early 2022.

Information about the secured loan facility

The company announced that it had closed a secured loan facility provided by K2 HealthVentures (K2HV). According to the terms and conditions of the facility, K2HV will provide ASLAN up to $45 million of secured debt financing. The facility consists of a $20 million initial term loan funded at closing, with the remaining $25 million subject to specific terms and conditions.

Qumu Corp (NASDAQ: QUMU) launches new Software-as-a-Service (SaaS) video streaming integration

Qumu Corp (NASDAQ: QUMU) announced that the company has made available an all-new Software-as-a-Service (SaaS) video streaming integration. Businesses of all sizes can take advantage of this development. The new software service allows users to produce scalable, studio-quality video content, manage and deliver that content to any audience. It is up to the user to consume the video or not. 

The growing partnership between Qumu Corp and Socialive has resulted in the initiative.

The growing partnership between Qumu Corp and Socialive has resulted in the new integration. The two companies have used their resources and expertise for the new initiative. The result is business owners can take advantage of video content creation, management, and distribution capabilities. 

Comments pour in from officials at Qumu Corp and Socialive

“Work from wherever, whenever is the new normal, and video is an essential business and customer engagement vehicle,” said TJ Kennedy, President, and CEO at Qumu. 

“As the demand for high-quality video increases, the Qumu-Socialive integration provides the security that’s essential for a remote workforce, with the style and production quality needed for deeper engagement,” said David Moricca, founder, and CEO of Socialive.

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