BioCentury
ARTICLE | Financial News

Zogenix raises $15M, receives $35M debt facility

July 15, 2010 12:46 AM UTC

Zogenix Inc. (San Diego, Calif.) raised $15 million in an equity financing. All existing investors, including Clarus; Domain Associates; Scale Venture Partners; Thomas, McNerney; Abingworth Management; and Chicago Growth Partners, participated. Zogenix also secured a $35 million debt facility from Oxford Finance Corp. and Silicon Valley Bank comprising a $25 million term loan and a $10 million revolving line of credit. Terms of the debt facility were not disclosed. ...