Daily News: July 3, 2014

Oxford Finance, Solar Capital Close $30MM Facility with Radius

Oxford Finance announced the closing of a $30 million senior secured term loan agreement with Radius Health. The financing was provided to Radius Health from both Oxford and Solar Capital. Proceeds of the loan will be used for working capital and to advance the development of Radius Health’s lead candidate, abaloparatide, along with other products.

“Oxford is pleased, once again, to provide financing to Radius Health,” said Christopher A. Herr, managing director for Oxford Finance. “We continue to be impressed with the company’s extensive pipeline of promising programs and its management team, which has a great deal of experience in drug development and commercialization.”

“We are happy to lead this new financing, which allows Radius Health to continue advancing their strong product pipeline,” said Anthony Storino, head of healthcare venture lending at Solar Capital. “We look forward to supporting the company’s continued progress in the therapeutics space.”