Vivex Biomedical Receives $9m Credit Line

Vivex Biomedical, Inc., an Atlanta, Georgia-based regenerative biologics company, received a $9m line of credit.

Heritage Bank of Commerce, the operating bank of Heritage Commerce Corp (NASDAQ:HTBK), provided the financing.

The company will use the funds for new product development, to expand operations, and for working capital and general corporate purposes.

Founded in 2014 and led by Tracy Anderson, President and CEO, Vivex is dedicated to creating novel products for patient care. Its research and development is focused on combining biologics and regenerative medicine, with major areas of investigation including cartilage, soft tissue, bone, and skin.
Focuses include amniotic fluid therapy, viable allogenic bone allografts, and amniotic tissue matrices.

FinSMEs

06/04/2017

Join the discussion