Acusphere, Inc.
Acusphere, Inc. Announces Prepayment of Equipment Loans
Published in Medical Device Law Weekly, June 14th, 2009
Acusphere, Inc. (ACUS.PK) announced that it has prepaid its equipment loans with Oxford Finance Corporation and Massachusetts Development Finance Agency. These transactions, in combination with the previously disclosed prepayment in full of General Electric Capital Corporation debt, represent total debt reduction of $3.8 million. After such prepayments, the Company has approximately $2.4 million in unaudited cash which is expected to fund operations to the end of the third quarter of 2009 based on the current operating plan.
The Company continues to discuss its New Drug Application (NDA) with the U.S. Food & Drug Administration (FDA) for its lead product candidate,...
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