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CHICAGO - March 10, 2008 - GE Healthcare Financial Services has provided a $95 million senior secured credit facility to EKR Therapeutics, Inc, a specialty pharmaceutical company focused on products for the acute care setting. EKR will use the debt financing for working capital and to acquire certain cardiovascular assets including currently marketed Cardene®, Retavase®, and the development product ularitide. "GE Healthcare Financial Services was able to quickly meet our financing needs and enable EKR to move forward on a transformational acquisition that substantially accelerates EKR's growth prospects," said Howard Weisman, CEO and chairman, EKR Therapeutics. "It is clear that GE understands the pharmaceutical space and their ability to get deals done in a difficult financial market with limited liquidity is second to none." The $95MM total cash flow facility involved a $15MM revolver and $80MM Term Loan A financing. "We were able to leverage our balance sheet and underwrite this transaction in less than 30 days," said Jason Cohen, Senior Vice President and Pharmaceuticals Analyst for GE Healthcare Financial Services. "Our financing expertise and deep understanding of the pharmaceutical sector enabled us to create a unique financing solution to support EKR's short- and long-term growth strategies." About EKR TherapeuticsEKR Therapeutics is a privately held specialty pharmaceutical company based in Cedar Knolls, NJ, that has brought together a highly seasoned team of industry professionals. The Company focuses on the acquisition, development and commercialization of proprietary products to enhance patient quality-of-life in the acute setting, including pain management and oncology supportive care. From its inception in late 2005, EKR has been organized to be a class leader in commercializing products to address unmet and under-satisfied medical needs or to otherwise enhance the therapeutic value of acute-care prescription products. For additional information about EKR visit the Company's website at www.ekrtx.com. About GE Healthcare Financial ServicesGE Healthcare Financial Services is the premier provider of capital, financial solutions, and related services for the global healthcare market. With a dedicated focus and a deep knowledge of the healthcare industry, GE Healthcare Financial Services offers a full range of financing capabilities from equipment leasing and real estate financing to working capital lending, vendor programs, and acquisition financing. GE Healthcare Financial Services collaborates with customers to create tailored financial solutions that help them improve their productivity and profitability. For more information, visit www.gehealthcarefinance.com Media Contacts
Deia Campanelli
Stuart Z. Levine, Ph.D. |


