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ARS Pharmaceuticals Secures Up to $250 Million Loan Facility with RA Capital Management and OMERS Life Sciences to Accelerate U.S. Commercialization of neffy®
Initial $100 million term loan to propel market share growth in the U.S. SAN DIEGO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- ARS Pharmaceuticals, Inc. (Nasdaq:
About this update from Ars Pharmaceuticals, Inc.
[{"type":"text","content":"Initial $100 million term loan to propel market share growth in the U.S. SAN DIEGO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- ARS Pharmaceuticals, Inc. (Nasdaq: SPRY), a commercial-stage biopharmaceutical company dedicated to empowering at-risk patients and their caregivers to better protect patients from allergic reactions that could lead to anaphylaxis, today announced it has entered into a senior secured term loan facility of up to $250 million with an affiliate of RA Capital Management (RA Capital), the company’s largest shareholder, and an affiliate of OMERS Life Sciences as lenders. ARS Pharma has borrowed an initial $100 million, which will be used primarily to accelerate neffy’s commercial growth. The funding will also support marketing and medical affairs initiatives to generate and disseminate real-world evidence about neffy’s effectiveness. This growing body of data supports that neffy’s real-world effectiveness is consistent with that of traditional epinephrine injection, reinforcing with patients, caregivers, and health professionals the value of neffy’s innovative needle-free delivery method. “We are deeply supportive of ARS Pharma’s mission and the transformative impact of neffy for people who need rapid, reliable, needle-free epinephrine,” said Adam Kaye, Senior Managing Director and Partner, Structured Capital, at RA Capital. “Based on its unique product profile and accelerating commercial traction, we see significant potential for neffy. Structuring this loan facility further aligns us as long-term partners while giving ARS Pharma the flexibility to scale commercial initiatives efficiently.” In the U.S., neffy is steadily expanding its prescriber base across allergy, primary care, and pediatrics – nearly doubling the breadth of prescribing over the last four months. Early direct-to-consumer campaigns have delivered meaningful lifts in awareness and engagement, which provide line of sight to a potentially attractive return on investment as spend scales. A consumer survey conducted in August 2025 showed more than 93% of patients were at least “very likely to consider” neffy if their healthcare provider recommended it, with 68% of those reporting they were “extremely likely to consider.” This investment from RA Capital and OMERS Life Sciences strengthens the company’s commercial strategy, underpinned by a body of real-wo...