TearLab Announces $35M Term Loan Agreement

San Diego-based TearLab Corp. has entered into a term loan agreement with health-care-focused investment firm CRG for up to $35 million in borrowing capacity, TearLab said.

CRG will initially provide $15 million. Up to $20 million of additional funding will be available to TearLab, at its option, through September 2016, depending on it reaching revenue milestones and other borrowing conditions.