UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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| Item 7.01. | Regulation FD Disclosure. |
Savara Inc. (“Savara”) previously entered into the Loan and Security Agreement dated April 28, 2017 between Savara and its Aravas Inc. subsidiary, as co-borrowers, and Silicon Valley Bank, as lender (“SVB”), as amended by amendments between the parties dated October 31, 2017, December 4, 2018, January 31, 2020, and March 30, 2021 (the “Loan Agreement”).
The terms of the Loan Agreement provide that if by June 30, 2021, Savara has an ongoing phase 3 clinical trial evaluating its molgramostim product for the treatment of autoimmune pulmonary alveolar proteinosis (“aPAP”) in which the first patient has been dosed (the “Trial Requirement”), the interest only-period under the Loan Agreement will continue until June 30, 2022. On June 30, 2021, Savara announced the first patient was dosed in its IMPALA-2 trial of molgramostim for the treatment of aPAP. The Trial Requirement has therefore been satisfied, and the interest only-period under the Loan Agreement will continue until June 30, 2022.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: June 30, 2021 |
SAVARA INC. a Delaware corporation | |||||
| By: | /s/ Dave Lowrance | |||||
| Dave Lowrance | ||||||
| Chief Financial Officer | ||||||