Myomo Completes Accelerator Loan Repayment
January 30, 2018
Myomo, Cambridge, Massachusetts, has completed repayment of a $750,000 accelerator loan provided by the Massachusetts Life Sciences Center (MLSC) in 2011. Myomo completed repayment, which totaled $1,350,618 with interest, on December 13, 2017. Paul R. Gudonis, Myomo's chairman and CEO presented a ceremonial check to Travis McCready, president and CEO of MLSC, during a ceremony at Myomo's headquarters.
"The accelerator loan from the MLSC enabled us to…achieve certain key milestones, which ultimately attracted significant private and public investments in the company," said Gudonis.