Poniard Pharmaceuticals Announces Plan for Voluntary Prepayment of Term Loan

Poniard Pharmaceuticals, Inc. PARD today announced that it has provided notice of voluntary prepayment of its senior secured loan facility to GE Business Financial Services Inc. and Silicon Valley Bank. The Company expects to pay the approximately $12.3 million balance on the facility, including interest and other fees payable under the loan agreement, prior to year-end.