Navigation Links
Suneva Medical Signs Multi-Million Dollar Line of Credit Agreement with Western Technology Investment
Date:12/17/2009

SAN DIEGO, Dec. 17 /PRNewswire/ -- Suneva Medical, a privately-held aesthetic medical device company, today announced that it has signed a multi-million dollar line of credit facility with Western Technology Investment (WTI). The line of credit facility will be used to fund commercial support for Artefill®, the only FDA-approved microsphere-enhanced collagen dermal filler on the market today, as well as to expand Suneva's Aesthetic Market growth objectives.

"Today Suneva Medical entered into a multi-million dollar line of credit deal with WTI with the objective of funding the growth initiatives for both Artefill and Suneva," said Niv Caviar, President and Chief Executive Officer of Suneva Medical. "This additional capital from WTI combined with the financial commitment and support we continue to receive from Cowen Healthcare Royalty Partners, well-positions Suneva as we look ahead to 2010 and our near term goal of profitability. We are pleased to be working with WTI, a premier debt capital provider and a firm that has a successful reputation of supporting growth enterprises to reach their financial goals."

The WTI investment was led by Jay Cohan and David Wanek. "We are happy to be entering into this strategic capital alliance with Suneva," said Jay Cohan, Investment Partner at WTI. "We feel confident that our capital commitment coupled with Cowen's existing and future capital commitment will help accelerate the company's growth trajectory."

Mr. Caviar continued, "With Artefill's outstanding sales growth in the few months since the product's re-launch, we are confident in the traction that we've gained among our targeted group of physicians in the dermatology, plastic and cosmetic surgery markets. With our additional funding, we will continue to promote Artefill to physicians who wish to offer their patients a safe and long-term option versus the temporary fillers currently in the market."


'/>"/>

SOURCE Suneva Medical
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Suneva Medical Announces Corporate Developments Including Appointment of Philip Ranker as Chief Financial Officer
2. First Patient Treated in Clinical Study of Cohera Medicals TissuGlu(R) Surgical Adhesive
3. Greenway Medical Technologies PrimeSuite Wins Three Best in KLAS Awards
4. Researchers Announce Medical Breakthrough with Simple, Inexpensive Blood Test for Colon Cancer
5. Flextronics Completes SloMedical Acquisition
6. Harvard Medical Expert Criticizes PGA Tour, Calls Decision to Suspend Doug Barron for Doping Unreasonable, Unfair and Discriminatory
7. Reportlinker Adds Surgical and Medical Instrument Manufacturing Industry in the U.S. and its International Trade [Q4 2009 Edition]
8. Varian Medical Systems Schedules First Quarter FY2010 News Release and Conference Call
9. Under Johnnies(TM) Proven To Increase Patient Satisfaction by OBP Medical Inc.
10. Perry Baromedical Announces New Cutting Edge Technology With Patient Data Capture Capability
11. Greenway Medical Technologies PrimeSuite 2011 Receives CCHIT 2011 Comprehensive Certification
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/20/2015)...  U.S. pharmacy cost increases for active employees and pre- ... double-digits by 2016, according to an analysis by Aon ... of Aon plc (NYSE: AON ). Pharmacy ... 9.5 percent in 2015 and will continue to rise to ... similar rate of increase in 2017, with pharmacy costs rising ...
(Date:4/20/2015)... SAN DIEGO , April 20, 2015 /PRNewswire/ ... biotechnology company developing novel oncology and drug-delivery therapies, ... at the American Association for Cancer Research (AACR) ... interim results of its randomized Phase 2 study ... the annual meeting of the American Society of ...
(Date:4/20/2015)... , April 20, 2015  OpGen, Inc., a ... expansion of its executive management team with the ... ) executive Kevin Krenitsky , M.D. as ... interim chief financial officer. With ... managing global diagnostic and biotechnology operations, including senior ...
Breaking Medicine Technology:Aon Analysis Shows Double-Digit Increases in U.S. Pharmacy Costs by 2016 2Aon Analysis Shows Double-Digit Increases in U.S. Pharmacy Costs by 2016 3Aon Analysis Shows Double-Digit Increases in U.S. Pharmacy Costs by 2016 4Halozyme Presents New Preclinical Data At The American Association for Cancer Research Annual Meeting, Announces Clinical Data Presentation At ASCO 2Halozyme Presents New Preclinical Data At The American Association for Cancer Research Annual Meeting, Announces Clinical Data Presentation At ASCO 3Halozyme Presents New Preclinical Data At The American Association for Cancer Research Annual Meeting, Announces Clinical Data Presentation At ASCO 4Halozyme Presents New Preclinical Data At The American Association for Cancer Research Annual Meeting, Announces Clinical Data Presentation At ASCO 5OpGen Appoints Industry Veterans Dr. Kevin Krenitsky as President and Timothy Dec as Interim Chief Financial Officer 2OpGen Appoints Industry Veterans Dr. Kevin Krenitsky as President and Timothy Dec as Interim Chief Financial Officer 3OpGen Appoints Industry Veterans Dr. Kevin Krenitsky as President and Timothy Dec as Interim Chief Financial Officer 4
... announces that a new market research report is ... Delivery in Central Nervous System Diseases - technologies,markets ... The delivery of drugs to ... the treatment of neurological disorders. Drugs may be ...
... Md., April 29, 2011 Don,t let expired or unused ... them properly to prevent them from harming others. ... the second annual National Prescription Drug Take-Back Day, sponsored by ... View a slideshow and read a Consumer Update from the ...
Cached Medicine Technology:Reportlinker Adds Drug Delivery in Central Nervous System Diseases - Technologies, Markets and Companies 2Reportlinker Adds Drug Delivery in Central Nervous System Diseases - Technologies, Markets and Companies 3Reportlinker Adds Drug Delivery in Central Nervous System Diseases - Technologies, Markets and Companies 4
(Date:4/20/2015)... The National Association of Professional Women ... Soul Care Group, Inc., as a 2015 Professional Woman ... prestigious distinction for leadership in business. With more than ... the nation's leading networking organizaiton exclusively for professional women. ... of the Year Award,” says NAPW President Star Jones. ...
(Date:4/20/2015)... NY (PRWEB) April 20, 2015 The partners ... introducing the community to Bella Diosa Laser Med Spa with ... to a spa party on from 12–7 p.m. on April ... event will include drinks and refreshments. Participants will also get ... will receive a free gift with any purchase, as well ...
(Date:4/20/2015)... 20, 2015 Mauritius is a seemingly ... Located some 2,000 km (1,243 miles) off the southeastern ... cultural and religious melting pot where everyone lives together ... darker reality. Mauritius is riddled with drug abuse. In ... of opiate consumption of any nation in eastern Africa. ...
(Date:4/20/2015)... At the famous Avalon Hollywood on April 8th, ... Lounge, with Choices Recovery as the premier sponsor. Organizer ... placement in TV and film, gathered some of the ... goods and services for this daylong event. , ... Celebrity Interview Lounge, speaking with many of the notable ...
(Date:4/20/2015)... (PRWEB) April 20, 2015 Western ... Donahue, DNP, RN, NEA-BC, FAAN who was named ... Education and Research in September 2014, is transitioning ... Officer to lead the development of Western Connecticut ... newly created role, Donahue will be responsible for ...
Breaking Medicine News(10 mins):Health News:National Association of Professional Women Announces Susan Binau, Founder of Soul Care Group, Inc., a 2015 Professional Woman of the Year 2Health News:Bella Diosa Says Hello to Yonkers Community with Spa Party 2Health News:Voice For Humanity: Choolun Bhojoo leads the fight to rid Mauritius of a drug plague 2Health News:Choices Recovery South Bend Talks About Healthy Decisions with TV's Adrienne Janic 2Health News:Nursing Executive to Develop and Lead Nursing Leadership Program at Western Connecticut Health Network 2
... ... of a complimentary Mothers’ Day Recipes for Life card to everyone that visits ... a company that creates recipes to help people cope with life challenges. ... life events, free of charge, with the special Recipe for Life cards. , ...
... ... the reward for providing personalized service and customized medications. The pharmacy compounds a wide ... , ... May 5, 2010 -- While important veterinary drugs remain in short supply, business has ...
... of the most common causes of preventable health care-associated infections ... iPod touch application developed at the University of Iowa, makes ... The availability of the free application on May 5 at ... "5 Moments for Hand Hygiene" campaign. The campaign, which is ...
... also cited maker Johnson & Johnson for ,numerous deficiencies, ... -- Bacterial contamination has been found in ingredients ... for children that were recalled Friday by drug giant ... Tuesday by the U.S. Food and Drug Administration. , ...
... renowned researcher and infectious disease specialist at the ... of the Infectious Diseases Society of America, has ... Physician Award from the Pediatric Infectious Diseases Society. ... signifies excellence in infectious diseases research, education, patient ...
... is more likely to find early stage cancers and ... May 4 (HealthDay News) -- Noninvasive stool DNA testing ... play a larger role in colon cancer prevention, say ... blood tests, stool DNA testing has higher detection rates ...
Cached Medicine News:Health News:PAPYRUS Offers Complimentary Recipes for Life Cards to Celebrate Mother's Day 2Health News:Scottsdale Veterinary Pharmacy Celebrates Success in Business By Dodging Veterinary Drug Shortages 2Health News:Scottsdale Veterinary Pharmacy Celebrates Success in Business By Dodging Veterinary Drug Shortages 3Health News:Do health care professionals perform hand hygiene? UI has an app for that 2Health News:FDA Found Bacteria in Ingredients for Recalled Tylenol, Benadryl 2Health News:New Test for Colon Cancer Under Development 2
... The Titan™ Inflatable Penile ... system designed to be surgically ... the management of erectile dysfunction ... implant provides the patient with ...
... The Alpha I continues to be a ... the Alpha I to have mechanical reliability ... on first-time implants. ioflex material contributes to ... I. Thats because Bioflex: ,Provides maximum, controlled ...
... advanced three-part inflatable prosthesis consisting of a reservoir ... the scrotum and a pair of cylinders inserted ... look and performance of a natural erection. The ... AMS 700 Series now features the new Tactile ...
Only Mentors reusable Alpine Leg Bag has patented Kraylex odor barrier, offset port options, and integrated loops providing total confidence and comfort....
Medicine Products: