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Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced it closed a $10 million debt facility with LensAR, Inc. Proceeds of the loan will be used for the commercialization of the company's latest generation LensAR™ Laser System, which recently received FDA clearance.
"Oxford is impressed with the LensAR™ Laser System, and even prior to the FDA's clearance, the market demand for the product was quite promising," said Christopher A. Herr, managing director for Oxford Finance. "We are very pleased to provide capital to LensAR to support the launch of its product, which we believe will further advance the effectiveness of laser cataract surgery."