FDAnews Drug Daily Bulletin

GE HEALTHCARE FINANCIAL SERVICES CLOSES $20 MILLION

Nov. 22, 2005
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GE Healthcare Financial Services has provided a $20 million senior term loan to Amphastar Pharmaceuticals, Inc., a generic and specialty pharmaceutical company based in Rancho Cucamonga, Calif., that focuses on injectable and inhalation products. Amphastar Pharmaceuticals, Inc., will use the loan proceeds for general working capital, to fund ongoing research and development and to finance $5 million of new equipment. With its industry expertise, GE Healthcare Financial Services was able to better evaluate Amphastar's assets and enterprise than a traditional bank and offer a financing solution that met the company's needs for future growth.

American Venture Magazine (http://www.americanventuremagazine.com/news.php?newsid=544)