Tech Company Financing Transactions
Aprecia Pharmaceuticals Funding Round
On 7/5/2016, Aprecia Pharmaceuticals announced $30 million in funding from Hercules Technology Growth Capital.
Transaction Overview
Company Name
Announced On
7/5/2016
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Undisclosed
Investors
Proceeds Purpose
Aprecia has received initial funding of $20 million under the debt financing agreement. The proceeds will be used to purchase additional manufacturing equipment, fund the development and approval of Aprecia's pipeline product candidates and continue to advance its ZipDose technology platform. Under the terms of the agreement, Aprecia has the option to draw up to an additional $10 million tranche upon achievement of a certain performance milestone.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
10901 Kenwood Rd.
Blue Ash, OH 45242
USA
Blue Ash, OH 45242
USA
Phone
Website
Email Address
Overview
Aprecia Pharmaceuticals develops precision drug delivery systems and products.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Thomas Arington
Chief Executive Officer
Christopher Gilmore
Chief Financial Officer
Mike Rohlfs
Chief Technical Officer
Jaedeok Yoo
Vice President
Don Wetherhold
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