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Colorescience Completes Financing

Colorescience today announced the successful completion of a $6.5 Million debt financing.

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By: Marie Redding

Senior Editor, Rodman Media

Colorescience today announced the successful completion of a $6.5 Million debt financing with the Life Sciences Group of Bridge Bank, a division of Western Alliance Bank. 

The financing is funded in two tranches with $4 million funded immediately and $2.5 million funded as early as September 1, 2016. 

“The additional funds will support continued growth in the physician channel, further retail channel development and expand our geographic reach into new markets,” stated Steve Loomis, Senior Vice President and Chief Financial Officer of Colorescience.  Loomis credits the Company’s focus on suncare, particularly through the Colorescience.com website, for strong sales growth in 2015.

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