The company obtained a credit facility of $15 million from Hercules. It will mature in 38 to 41 months. Baxano also entered into a $7 million common stock purchase agreement with Lincoln Park.
Baxano Surgical’s spine technology focuses on treating degenerative conditions of the lumbar spine.
More Articles on Devices:
Mazor Robotics Fills Renaissance Order From Singapore Distribution Parner
Smith & Nephew Acquires Brazilian Wound Care Company
Amedica Pens Manufacturing Deal with Kyocera Ceramics for Spine Devices
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
