San Clemente-based medical device maker ReShape Medical Inc. received a $12 million loan from a pair of financiers.
The company makes a minimally invasive, dual-balloon device intended to help patients lose weight without the risks associated with gastric bypass surgery or the side effects of drugs. The device is awaiting a regulatory decision from the Food and Drug Administration.
Alexandria, Va.-based Oxford Finance LLC and Santa Clara-based Silicon Valley Bank loaned the money to ReShape, which is planning to use it for marketing purposes and product enhancements.
