Square 1 Bank, a division of Pacific Western Bank, provided a $5 million credit facility to new client YPrime, a clinical trial solutions provider. Proceeds from the facility will be used to provide working capital as the company continues to address critical needs in clinical research.

“Our team is excited to partner with Square 1 and continue executing our vision to provide expertise in the design, implementation and administration of software systems that collect and manage clinical data used to bring life-changing new therapies to patients,” said Shawn Blackburn, CEO and co-founder of YPrime.

Evan Travis, senior vice president in Square 1’s life sciences practice, added, “Led by Shawn Blackburn, YPrime’s strong management team has a proven track record of success and innovation in the life sciences industry and is poised to lead the strategic growth of the company. We are confident that their dedication to improving outcomes in clinical research will continue to fuel the company’s evolution and success.”

Malvern, PA-based YPrime is an innovator in e-clinical solutions and technologies used exclusively in clinical research, healthcare and IT.