Heritage Bank of Commerce provided Vivex Biomedical with a $9 million line of credit and other financial services to support Vivex’s growth in the biomedical industry.
“Vivex’s business is accelerating on every front, and we needed a financial partner able to support rapid, multi-faceted growth,” said Tracy Anderson, president and CEO of Vivex. “We are constantly striving for creative treatment options and solutions to progress clinical, surgical and therapeutic patient care. We will use the additional funding for new product development, to expand operations, and for working capital and general corporate purposes. Heritage Bank of Commerce is a financial institution that understands the needs of our company.”
“We are very pleased to be working with Vivex,” said Mike Hansen, senior vice president, Corporate Finance at Heritage Bank of Commerce. “We feel our line of credit will assist with their capital needs as they continue to grow and we look forward to a successful partnership.”
Vivex Biomedical, based in Atlanta, is a regenerative biologics company dedicated to creating novel products for patient care. Its research and development is focused on making strides across biologics and regenerative medicine, with major areas of investigation including cartilage, soft tissue, bone and skin. Focuses include amniotic fluid therapy, viable allogenic bone allografts and amniotic tissue matrices.