David A. Lorch

Money Moves

Senior advisor to Deputy Secretary of War Steve Feinberg

The Office of Strategic Capital, the Pentagon's lending office, has offered Neros up to $450 million in loans, with the Torrance, California, company adding $165 million of its own money for a $615 million expansion. No money has moved. The commitment is conditional on financial, legal, technical and due-diligence reviews.

Updated 3 days ago

Money Moves

Senior advisor to Deputy Secretary of War Steve Feinberg

Antheia holds an $80 million conditional loan commitment from the Department of War's Office of Strategic Capital, announced October 17, to make drug ingredients in the US using engineered yeast. The country imports about 90% of the key starting materials and active pharmaceutical ingredients that go into generic medicines.

Updated Oct 23