Hemosense (AMEX:HEM)
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From Jan 2020 to Jan 2025
HemoSense, Inc. (AMEX:HEM) today announced that it has signed an
$8 million extension in senior loan financing by expanding an existing
growth capital agreement with Lighthouse Capital Partners. The original
loan agreement with Lighthouse Capital Partners was initiated in early
2004, prior to the Company’s IPO in June 2005.
Under this new financing commitment, HemoSense has drawn down $5 million
for working capital purposes.
“We have enjoyed a strong working relationship
with Lighthouse Capital Partners, and are pleased that they maintain
confidence in our technology and the market opportunity,”
said Jim Merselis, President and CEO of HemoSense. “We
intend to use this working capital to continue to expand operations and
develop the market for our INRatio® blood
coagulation monitoring system.”
About HemoSense
HemoSense develops, manufactures and markets easy-to-use, handheld blood
coagulation systems for monitoring patients taking warfarin. The
HemoSense INRatio system, used by healthcare professionals and patients
themselves, consists of a small monitor and disposable test strips. It
provides accurate and convenient measurement of blood clotting time, or
PT/INR values. Routine measurements of PT/INR are necessary for the safe
and effective management of the patient’s
warfarin dosing. INRatio is sold in the United States and
internationally. For more information, visit www.hemosense.com.
This press release contains forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995.
Statements in this press release regarding the Company’s
business that are not historical facts may be “forward-looking
statements” that involve risks and
uncertainties. Specifically, the statements regarding the Company’s
ability to expand operations and develop the market for the INRatio
system are forward-looking statements within the meaning of the Safe
Harbor. Forward-looking statements are based on management’s
current, preliminary, expectations and are subject to risks and
uncertainties which may cause the actual results to differ materially
from the statements contained herein. Further information on the Company’s
business and risk factors are detailed in its filings with the
Securities and Exchange Commission, including its Form 10-Q for the
quarter ended June 30, 2006 filed on August 11, 2006. Undue reliance
should not be placed on these forward-looking statements, which speak
only as of the date they are made. The Company undertakes no obligation
to update publicly any forward-looking statements to reflect new
information, events or circumstances after the date they were made, or
to reflect the occurrence of unanticipated events.
HemoSense® and INRatio®
are registered trademarks of HemoSense, Inc.