Oxford Ups Term Loan to Edgemont Pharmaceuticals
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Oxford Ups Term Loan to Edgemont Pharmaceuticals

oxford nf1Oxford Finance has closed on $5 million of new debt as an expansion to its existing $10 million senior secured term loan agreement with Edgemont Pharmaceuticals.  The new capital will be used to fund the working and growth capital needs of the company .

Edgemont Pharmaceuticals is a privately held specialty pharmaceutical company focused in the field of psychiatry.  Edgemont has two FDA approved antidepressant products commercialized in the US and a Phase III product candidate being developed for treatment of generalized anxiety disorder. The company is headquartered in Austin (www.edgemontpharma.com).

christopher herr nf1“Oxford is pleased to provide additional financing to Edgemont Pharmaceuticals,” said Christopher Herr, senior managing director for Oxford Finance. “The company has been successful with both of its commercial assets, Forfivo XL and Fluoxetine 60mg tablets, and has been making significant progress with its clinical program.”  Both Forfivo XL and Fluoxetine are prescribed for the treatment of major depressive disorders.

Oxford Finance, a subsidiary of Sumitomo Corporation, is a specialty finance firm providing senior secured loans to public and private life science and healthcare services companies worldwide. In recent years, Oxford has originated over $2 billion in loans, with lines of credit ranging from $500,000 to $75 million. Oxford is headquartered in Alexandria, VA with additional offices in California, Massachusetts and North Carolina (www.oxfordfinance.com).

“We are extremely grateful to Oxford for its ongoing support of our growth initiatives and appreciate the additional working capital they are providing us through this loan expansion,” said Douglas Saltel, chief executive officer of Edgemont Pharmaceuticals. “Oxford is clearly proving to be a great business partner.”

2015 PEPD • Private Equity’s Leading News Magazine • 5-1-15

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