Trevena Receives $15 Million Non-Dilutive Tranche and Provides Additional Updates

(24/7 MARKET NEWS) – Trevena, Inc. (TRVN: NASDAQ) stated, this morning, that it received a $15 million tranche under its non-dilutive R-Bridge ex-US royalty-based financing, which was triggered by the first commercial sale of OLINVYK in China by Jiangsu Nhwa, the Company’s licensee in China.

Trevena is trading at $1.04, up $0.165 (+18.84%), on 345.01K premarket shares traded.

Its 52-week range is $0.58 to $5.575. It’s next resistance points are $1.06 and $1.12, and if it can break through those on strong trading volume it could break out the $1.40 level.

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