Submitted by Anonymous on Mon, 2009-02-23 18:14
Press Contact:
For More Info Contact: Lisa Baker/ Bill Kraus The Blaine Group 310.360.1499 Fax: 1498 lbaker@blainegroupinc.com
Los Angeles, CA… PetMedicus Laboratories, Inc., a specialty pharmaceutical company engaged in the formulation, clinical testing, federal registration, manufacture, and sale of drug products for the companion animal market, has retired ahead of schedule a line of venture debt from California Capital Investors, LLC (CCI) totaling $1,000,000.
PetMedicus retired the two-tranche, 20-month venture debt placement, which included stock warrants, in just 11 months. As a result, investors in CCI received a distribution earlier than expected.