Boston Financial & Equity recently closed an $800,000 equipment lease line with a commercial stage biopharmaceutical company. This small public company had revenues of $22 million, but had net losses of $23 million in 2018. They recently received a renewal of their FDA pass-through approval for their current drug and they completed a sizeable convertible debt funding in November of 2018. Their first schedule takedown was for $600K of various lab equipment critically needed to grow their current drug pipeline.