Clinipace Inc. Takes on $13 Million in Debt Financing  
9/18/2012 8:05:12 AM

Triangle Business Journal by Lauren K. Ohnesorge, Staff Writer

Morrisville-based Clinipace has taken on more than $13 million in debt, according to security filings released Monday.

The debt retains an option to acquire security and comes from six investors.

Clinipace, which was the highest ranked local company on Inc. magazine’s latest ranking of the 500 fastest growing companies in the country, is a contract research organization that touts itself as having a digital focus. The company netted a Triangle Business Journal Fast Fifty designation last year.

Officials at the company could not immediately be reached for comment on the details of the latest financing round.