InnoPharma Inc. Raises $8 Million in Venture Debt – Market Watch

PISCATAWAY, N.J., June 7, 2012 /PRNewswire/ – InnoPharma, Inc. today announced that it has closed on an $8 million growth capital financing from Comerica Bank and NXT Capital Venture Finance. Proceeds will provide additional working capital and will support the Company’s ongoing development of niche generic and innovative specialty pharmaceutical products in injectable and ophthalmic dosage forms. Armentum Partners acted as strategic advisors to InnoPharma for this transaction.

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