Ignyta Gets $10M In Term Loan

San Diego-based Ignyta, a developer of biotechnology for the oncology market, said this morning that it has received a $10M, expanded capital term loan from Silicon Valley Bank. Financial terms of that new term loan were not announced. Ignyta said the new term loan facility replaces an earlier, $1.5M term loan it received from SVB. Ignyta is led by JOnathan Lim.