Mr. Yilun Jin Resigns as CFO of American Lorain Corporation - Alimera Sciences (NASDAQ:ALIM)

27% profits every 20 days?

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Alimera Sciences, Inc. (Nasdaq: ALIM) announced today that it has obtained a $32.5 million senior secured credit facility to help fund its working capital requirements. The credit facility consists of a $20 million revolving line of credit provided by Silicon Valley Bank and a $12.5 million term loan provided by MidCap Financial, LLC and Silicon Valley Bank.The lenders have advanced $6.25 million under the term loan and may advance the remaining $6.25 million following FDA approval of Iluvien, but no later than July 31, 2011. The revolving line of credit may be drawn by Alimera against accounts receivable subsequent to the launch of Iluvien.

27% profits every 20 days?

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