Deal summary reprinted from Strategic Transactions - Otober 2008
Cardiac Concepts gets $21mm through its Series B
Find out how Medical device company Cardiac Concepts has raised $21mm through the closing of its Series B venture round.
New investors Polaris Venture Partners, Versant Ventures, and RK Ventures were joined by returning backers Accuitive Medical Ventures, Affinity Capital Management, and Three Arch Partners.
Established in early 2006, Cardiac Concepts is developing an implantable neurostimulation device that improves the condition of congestive heart failure patients by treating their sleep apnea. The company brought in $5.5mm in December 2006 through its Series A.
Other deals this reported this week:
Acquisition
Cryoablation companies Endocare, Galil merge · November 2008
Elliott Associates may buy the remaining 87.9% of Endologix · October 2008
Elliott Associates may buy the remaining 87.9% of Endologix · October 2008 UPDATED
Alliance
Edwards Lifesciences gets rights to DexCom's IP · November 2008
Elixir Medical gets rights to SurModics' technology · October 2008
Home Dialysis gets rights to Hewlett-Packer's IP · October 2008
Financing
Symphony Medical sells $10mm in notes/warrants · October 2008
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