The Airxpanders Inc (ASX: AXP) share price has had a strong start to the week.
In afternoon trade the medical device company's shares have climbed 7% to 75 cents.
What happened?
This morning AirXpanders announced that it has completed a US$15 million debt financing transaction with Oxford Finance.
Oxford Finance is an industry-leading specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide.
The market appears to be pleased that the company has been able to fund its working capital needs for the US sales and marketing push of its AeroForm Tissue Expander System for breast reconstruction without meaningfully diluting existing shareholders.
But despite today's gain, the company's shares are still down by around 35% year-to-date.
