CIBC Innovation Banking lends $8 mln to VC-backed Opsens

Opsens Inc (TSX: OPS), a Québec City-based fibre optic sensing technology maker, has entered into an $8 million credit agreement with CIBC Innovation Banking. The deal's proceeds will support the company's growth and innovation activity and provide working capital. Founded in 2003 and led by President and CEO Louis Laflamme, Opsens is focused on the measure of fractional flow reserve and diastolic pressure ratio in interventional cardiology. Its solutions are also used in oil and gas and industrial applications. Opsens is backed by Canadian life sciences venture capital firm Lumira Ventures and other investors.

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