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Guava Technologies Secures $10M Debt Financing from Hercules

NEW YORK, Jan. 19 (GenomeWeb News) - Guava Technologies has closed a $5.5-million secured debt financing and an additional one-year credit line of $4.5 million from Palo-Alto based specialty finance provider Hercules Technology, Guava said today.

 

Guava will use $4 million of the financing to retire previous debt, the company said in a statement.

 

CEO Larry Bruder said the remaining $6 million line of credit will be useful to the company "as we continue to accelerate revenue growth through new product development programs such as our new EasyCyte Mini and the Guava Express reagent line."

 

As GenomeWeb News reported in November 2005, Guava raised $7 million in private equity and forecast positive cash flows "within 12 months."

The Scan

More Boosters for US

Following US Food and Drug Administration authorization, the Centers for Disease Control and Prevention has endorsed booster doses of the Moderna and Johnson & Johnson SARS-CoV-2 vaccines, the Washington Post writes.

From a Pig

A genetically modified pig kidney was transplanted into a human without triggering an immune response, Reuters reports.

For Privacy's Sake

Wired reports that more US states are passing genetic privacy laws.

Science Paper on How Poaching Drove Evolution in African Elephants

In Science this week: poaching has led to the rapid evolution of tuskless African elephants.