Daily News: November 5, 2012

Boston Financial Closes Two Transactions


Boston Financial & Equity said it has closed two transactions totaling $850,000.

The first is a $100,000 lease for a startup pharmaceutical company in San Diego, for a gas chromatography mass spectrometer, used by the company in studying the patterns of diseases and finding treatments in a faster and non-toxic way. The company has raised $1.6 million in an angel round. Although its revenues are minimal it recently signed a contract with a major U.S. pharmaceutical company, Boston Financial said.

Boston also closed a $750,000 lease line for a medication management company in New Jersey. The company personalizes medications and customizes packaging of medications for senior citizens. It provides blister packs of individual medications for seniors that require long-term daily dosages. The equipment will be used for dispensing and packages the drugs.