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credit facility

The financing will go toward commercial and clinical activities to increase adoption of the company's DecisionDx-Melanoma test.

The company borrowed $2 million pursuant to an amendment to a $12 million credit agreement. It also said that it has until June 19 to meet certain listing requirements. 

The company drew a first tranche of $8.5 million from the credit facility in July and has $2 million remaining on the term loan commitment.

The loan agreement replaces a prior credit facility from Oxford Finance and Silicon Valley Bank.

The Australian molecular diagnostics firm will use the facility to further commercialize its breast cancer test in the US.

The revolving credit facility and the term loan credit facility are for $1 billion each. 

NEW YORK (GenomeWeb) – Bio-Rad Laboratories said on Thursday it has entered into a credit agreement with lenders to borrow up to $200 million.

NEW YORK (GenomeWeb) – Neuropsychiatric molecular diagnostics firm Assurex today said that it has secured a $25 million credit facility and $7 million in investments.
The funds will be used to increase clinical adoption of the Mason, Ohio-based firm's GeneSight products.

NEW YORK (GenomeWeb) – Biocept has entered into a $10 million loan and security agreement with Oxford Finance, the San Diego-based oncology diagnostics firm said in a US Securities and Exchange document on Tuesday.

NEW YORK (GenomeWeb News) – PerkinElmer said after the close of the market on Friday that it entered into an agreement to provide it a $700 million committed unsecured revolving credit facility through Jan. 8, 2019.

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A genetic genealogy analysis helped secure the release of a California man from prison after getting his murder conviction overturned, the Guardian reports.

Technology Review discusses the concerns that come along with the ability to quickly synthesize viruses like SARS-CoV-2.

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