Deal Announcements

Metabolon Secures $2 Million Debt Funding

Friday, September 07, 2007 5:00:00 AM PDT | VentureDeal Staff

DURHAM, NC -- Biotech company Metabolon, Inc. has received $2 million in venture debt commitments, according to a report in TechJournal South.

Metabolon provides biotechnology companies with "production-ready metabolomics services."  These services include biomarker discovery used in research for drug discovery, drug development and diagnostic development.

Oxford Finance Corporation and Webster Bank are providing the credit.  The company intends to use the proceeds primarily to purchase mass spectometry equipment which will expand the company's capacity.

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