San Francisco Bay Area biotech stories.
Thursday, August 2, 2012
Solta Medical to raise $14 million in stock sale
Hayward's Solta Medical Inc. will raise about $14 million by selling stock.
The company (NASDAQ: SLTM) -- born in 1996 as Thermage Inc. -- lost $26.3 million in the June quarter on sales of $37.3 million. It makes devices to treat acne or to tighten skin using radiofrequency energy and heat or lasers. It signed a commitment letter last week with
Silicon Valley Bank
for a $10 million debt facility.
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