BG Medicine Secures $15M Loan Facility | GenomeWeb

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – BG Medicine today announced it has entered into a secure loan facility for up to $15 million.

The loan facility is with GE Capital's Healthcare Financial Services and Comerica Bank. An initial $10 million was funded to the Waltham, Mass.-based company on Feb. 10. Subject to certain revenue milestones and other conditions being met, BG Medicine may draw an additional $5 million term loan on or before Feb. 10, 2013.

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