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OrbiMed

DarioHealth closes $50M loan facility with OrbiMed

June 9, 2022 By Sean Whooley

DarioHealth

DarioHealth (Nasdaq:DRIO) announced today that it closed a senior secured term loan facility worth up to $50 million. OrbiMed, a leading healthcare investor, will provide non-dilutive capital to fund the continued development of New York-based DarioHealth’s digital health platform for managing chronic diseases, including diabetes. According to a news release, the five-year, $50 million facility includes […]

Filed Under: Business/Financial News, Diabetes, Funding Roundup, Technology Tagged With: dariohealth, OrbiMed

OrbiMed founder Sam Isaly harassed women for years, according to former employees

December 6, 2017 By Sarah Faulkner

OrbiMed

Several former employees of biotech hedge fund OrbiMed have alleged that Sam Isaly, the firm’s founder & managing partner, sexually harassed his female colleagues for years, according to an investigation by STAT. Isaly is a 72-year-old investor who has long been revered among the biotech community for his ability to pick stocks. But at OrbiMed, former employees told STAT he routinely demeaned […]

Filed Under: Featured, Wall Street Beat Tagged With: OrbiMed

Unilife raises $60M through debt financing, shares soar

March 13, 2014 By drugdelivery

Unilife raises $60M through debt financing

Pennsylvania device maker Unilife (NSDQ:UNIS) raised $60 million through a debt financing agreement with OrbiMed Advisors, news of which sent UNIS shares soaring today.

Filed Under: Drug-Device Combinations Tagged With: OrbiMed, Unilife Corp.

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