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Actionable news in RLYP: RELYPSA Inc,

Relypsa (RLYP) Stock Plunges After Announcing Debt Financing

NEW YORK (TheStreet) -- Relypsa (RLYP) stock is plummeting by 17.84% to $14.23 on heavy trading volume this morning, after the biopharmaceutical company announced the closing of $150 million in debt financing.

The company will use roughly $17 million of the net proceeds to repay outstanding obligations under its loan and security agreement with Oxford Finance and Silicon Valley Bank...