BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Oxford Finance Provides $10 Million Senior Credit Facility to LensAR, Inc.


7/11/2012 2:52:03 PM

ALEXANDRIA, Va., July 10, 2012 -- /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced it closed a $10 million debt facility with LensAR, Inc. Proceeds of the loan will be used for the commercialization of the company's latest generation LensAR™ Laser System, which recently received FDA clearance.

"Oxford is impressed with the LensAR™ Laser System, and even prior to the FDA's clearance, the market demand for the product was quite promising," said Christopher A. Herr, managing director for Oxford Finance. "We are very pleased to provide capital to LensAR to support the launch of its product, which we believe will further advance the effectiveness of laser cataract surgery."

"Now that LensAR has received the 510K clearance on our commercial laser system, we are moving very quickly into the commercial launch stage," said Nick Curtis, chief executive officer of LensAR. "We are very pleased that Oxford Finance recognized the opportunity and is partnering with us to provide critical capital for the ramp up of production to meet the large and growing demand for our LensAR™ Laser System."

About Oxford Finance LLC

Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $1.5 billion in loans, with lines of credit ranging from $500 thousand to $50 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in California, Massachusetts, Illinois and North Carolina. For more information visit www.oxfordfinance.com.

About LensAR, Inc.

LensAR Inc. is a leader in the development and commercialization of a next generation laser and advanced 3D imaging technology for a refractive cataract surgery. LensAR has treated more than 700 eyes outside the United States to date. For more information please visit www.lensar.com.

SOURCE Oxford Finance LLC



Read at BioSpace.com

   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES