Monday, January 9, 2006

Favrille Raises Funding For Expansion

San Diego-based biopharmaceuticals firm Favrille said Friday that the company has raised $20M in a line of credit from GE Capital and Oxford Financial. Favrille said that the debt financing will be used to expand its facilities for the commercial-scale manufacturing of its Phase 3 product candidate, targeted at treatment of non-Hodgkin's lymphoma. The company said that its expanded facilitiy will include 80,000 square feet dedicated to manufacturing. Favrille is developing immunotherapies for the treatment of cancer.

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