ISTA Pharmaceuticals Increases Credit Facility with Silicon Valley Bank
"Silicon Valley Bank has been a valued partner, and we appreciate their continued support, especially in this difficult economic climate," said Vicente Anido, Jr., Ph.D., President and Chief Executive Officer of ISTA Pharmaceuticals. "The increased facility provides additional flexibility to fund ISTA's growth and working capital needs in the coming year at very attractive interest rates."
About ISTA Pharmaceuticals
ISTA Pharmaceuticals is an ophthalmic pharmaceutical company. ISTA's products and product candidates addressing the $4.7 billion U.S. prescription ophthalmic industry include therapies for inflammation, ocular pain, glaucoma, allergy, and dry eye. The Company currently markets three products and is developing a strong product pipeline to fuel future growth and market share, thereby continuing its growth to become the leading niche ophthalmic pharmaceutical company in the U.S. For additional information regarding ISTA, please visit ISTA Pharmaceuticals' website at http://www.istavision.com.
SOURCE ISTA Pharmaceuticals, Inc.
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