MedPro Safety Products Completes Royalty Monetization Transaction

LEXINGTON, Ky.--(BUSINESS WIRE)--MedPro Safety Products, Inc. (OTCBB: MPSP), a leading developer of transformational technologies that enable safer medication delivery and blood collection, announced today that it has completed the issuance of $25 million of Senior Secured 14% Notes due 2016 in a private placement with institutional investors managed by Cowen and Company, LLC. SC Capital Partners, LLC also served as financial advisor to MedPro.