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Cerionx Secures Venture Debt Financing Deal

Friday, August 3, 2007 5:00:00 AM PDT | VentureDeal Staff
CHICAGO, IL -- Medical device company Cerionx has closed a new debt funding round in the amount of $2.5 million from BlueCrest Capital Finance, L.P.

The company creates pipette cleaning instrumentation for the biopharma and clinical testing industries.  Their solutions are platform-independent and allow companies to reduce costs and improve process cycle times.

Cerionx intends to use the funding proceeds to expands its sales and marketing efforts and to meet expected customer demand for its products.

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