July 9, 2014

2011 MLSC Accelerator Company AesRx Repays Loan Early After Acquisition

The Massachusetts Life Sciences Center (MLSC) announced today that Newton-based AesRx, an Accelerator company awarded $750,000 in loan financing by the MLSC in 2011, has paid back its loan early after being acquired by Baxter International Inc., a diversified healthcare company based in Deerfield, IL. The company’s repayment amount (including investment proceeds) totaled $1,024,000. The acquisition was announced today in press releases issued by Baxter and the National Institutes of Health.