ALEXANDRIA, Va., Dec. 1, 2015 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a $3 million senior secured term loan with MDRejuvena, Inc. ("the Company"). Proceeds from the loan are being used for the commercialization and continued development of the Company's Rejuvaphyl™ and daily skincare products.
Rejuvaphyl is the MDRejuvena brand of high potency skincare products that contain the proprietary and patented ingredient Phytochromatic MD™ Complex. Phytochromatic MD™ Complex is a naturally-derived, plant-based ingredient clinically proven to provide a number of important skincare benefits.
"MDRejuvena is led by a team of highly accomplished executives who have a successful track record in the skincare industry," said Christopher A. Herr, senior managing director at Oxford Finance. "Oxford is pleased to provide funds to support the execution of the Company's global marketing plan for its innovative product line."
David F. Hale, executive chairman and chief executive officer of MDRejuvena stated, "We are excited about the opportunity to work with Oxford. This financing will allow us to continue to build our business, expand our sales force into new markets, and develop our pipeline of new products. Oxford's support of MDRejuvena is an important step on the path to our success and will accelerate awareness of the MDRejuvena brand."
About Oxford Finance LLC
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $2 billion in loans, with lines of credit ranging from $500 thousand to $75 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in California, Massachusetts and North Carolina. For more information visit www.oxfordfinance.com.
About MDRejuvena, Inc.
MDRejuvena is a private company focused on the licensing, development and commercialization of products for skin health for the professional physician-dispensed market in the U.S. and internationally. Further information on the Company can be found on www.mdrejuvena.com or by calling 888-MDR-3003.
SOURCE Oxford Finance LLC