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GE Healthcare Financial Services Provides $3M Credit Facility to Codon Devices

Sep 09, 2008
NEW YORK (GenomeWeb News) – The financial services arm of GE Healthcare has provided a $3 million senior secured credit facility to Codon Devices, the GE unit said today.
 
Privately held Codon, which makes the BioLogic platform for developing synthetic biology products, will use the funds for “growth and other working capital needs,” said GE Healthcare Financial Services.
 
Jason Ryan, director of finance at Codon Devices, said that the financing “augments the $44 million we have raised to date and enables us to accelerate our product development activities.”

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