TearScience, a Morrisville medical device company, has raised $15 million in debt financing that it plans to use to commercialize the company's treatment for dry eye disease.
The company raised the money from Oxford Finance and Silicon Valley Bank.
In July, TearScience won regulatory approval from the Food and Drug Administration for its LipiFlow system to diagnose and treat a common form of dry-eye disease.
The company, which employs about 30 people, is now shifting from the development stage to making its LipiFlow system and marketing it to eye doctors.

A Raleigh company that sells a blood test to measure patients' risk for heart disease is reviving plans for an initial public offering of stock.
Becton Dickinson is reportedly sweet on JoCo.
A fast-growing medical device company in Durham has raised $55 million in venture-capital financing, one of the largest funding hauls by a Triangle business this year.