Archus Orthopedics will use the venture loan to accelerate its growth and clinical development process.
Jim Fitzsimmons, CEO at Archus, said: “GE Healthcare Financial Services’ in-depth knowledge of the life sciences sector and commitment to understanding our needs helped create a financing solution that meets both our short- and long-term capital needs. Through GE’s support, we will be able to enhance our position in this highly competitive marketplace.”