Daily News: May 1, 2015

Oxford Closes $10MM Celula Term Loan

Oxford Finance closed a $10 million senior secured term loan agreement with Celula. Proceeds of the loan will be used to continue the development and expand the commercialization of its products in the U.S. and China.

“Celula has a seasoned management team that has developed a novel platform technology for diagnostic testing services,” said Christopher A. Herr, senior managing director for Oxford Finance. “We are glad to provide debt financing to Celula to support the growth of the company and the expansion of its product line.”

“We are pleased to be working with Oxford Finance as a capital partner,” said Dr. Drew Senyei, chairman and CEO of Celula. “Oxford understood our needs and provided a well structured debt facility that fit Celula’s business plan. We are looking forward to further developing and bringing our technology and unique approach to the diagnostic market to improve patient care.”

Celula is a diagnostic testing services company.