Avadim Technologies retains Westbury Group to provide financial advisory services

February 7, 2017

Avadim Technologies Inc. (“Avadim”), the Bionome TherapiesTM life sciences company, today announced that it has retained Westbury Group LLC (“Westbury”), a boutique investment bank, to provide investment banking and financial advisory services to Avadim. Based in Westport, Connecticut, Westbury, “The Investment Bank for Entrepreneurs”, focuses on advising middle market companies in mergers and acquisitions, raising equity and debt capital and providing independent advice to issuers regarding initial public offerings and equity follow-on financings. 

Steve Woody, Chairman and CEO of Avadim, commented, “We are pleased to have retained Westbury as our exclusive advisor to assist Avadim in assessing various financial options surrounding our capital structure, shareholder base and other issues to leverage the substantial growth we are experiencing as we increase the distribution of our topical Bionome TherapiesTM aimed at both clinical and consumer markets.” 

“We look forward to helping the company create and execute their financial strategy over the near and intermediate term,” stated Patrick Huddie, a partner at Westbury. “John Jensen, Jim Whitcomb and I are excited to work with Avadim’s management and Board to assist the company achieve its goal of developing a new standard and paradigm in the healthcare sector.”

For more information, visit avadimtechnologies.com.