NeoVista is a privately held Newark, CA-based company dedicated to the development of medical technologies that help to advance the treatment of wet age-related macular degeneration. Their innovative procedure, Epimacular Brachytherapy, utilizes highly targeted strontium 90 beta radiation in a one-time surgical procedure. This technology has the potential to reduce the burden that wet AMD places on healthcare providers, patients and the healthcare system.
"When looking for financing, we wanted an experienced lender that could tailor a financing solution to meet our needs," said Tim Dumke, vice president of finance at NeoVista. GE Capital, Healthcare Financial Services has been a supportive financing resource and their healthcare finance expertise helped to create a debt financing structure that met our needs.
We are pleased to provide financing to NeoVista to help them complete the pivotal phase 3 trial of VIDION ANV Therapy System, said Anthony Storino, senior managing director, GE Capital, Healthcare Financial Services, Life Sciences. Our combination of healthcare and financial expertise enables us to provide healthcare companies like NeoVista with the best financing solution to meet their overall business objectives, and to discover the next great breakthrough.
About GE Capital, Healthcare Financial Services
With over $17 billion invested in more than 30 sub-sectors including senior housing, hospitals, pharmaceuticals, and medical devices, GE Capital, Healthcare Financial Services is a premier provider of capital and services to the healthcare industry. Our team of professionals provides deep industry expertise to create business and financial solutions tailored to meet the individual needs of our customers. The Life Science Finance team has worked with more than 500 companies throughout the United States, Canada and Europe. With a dedicated focus on assisting life science companies large and small, from the first venture round to post-IPO, the team has provided over $2.5 billion in financing to the market. For more information, visit gecapital.com/healthcare.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) is an advanced technology, services and finance company taking on the world's toughest challenges. For more information, visit ge.com.