AcelRX Gains $20M In Loan Funding
Redwood City-based AcelRX Pharmaceuticals said Thursday that it has received $20M in a loan financing agreement, from Hercules Technology Growth Capital. The financing includes $10M in a first tranche, with an option on another $10M tranche before December 16th. The firm said the funding will go towards repaying an existing $2.8M in loan from Pinnacle Ventures, as well as for funding development activities. AcelRx is publicly held.
posted on Friday, July 1, 2011
Related companies:
AcelRX Pharmaceuticals
Related stories:
> AcelRx Gets $40M In Credit Facility
> AcelRX Files For IPO
> Estech Gains $7M In Venture Debt
> Anacor Pharmaceuticals Gets Loan Funding
> OCZ Technology Lands $30M Venture Loan
silicontap.com Home