Axya Medical, Inc.

Device firm completes $3M financing

Published in Health Business Week, May 14th, 2004

Axya Medical, Inc., a privately held medical device firm, announced that it has completed a $2.8 million private placement of preferred equity with a group of institutional investors led by Crossbow Ventures, based in West Palm Beach, Florida.

Additional participants in the financing were Piper Jaffray Ventures, ProgressNow!, Ltd., Tyco Ventures, Baloise Private Equity, Prism Venture Partners and Mosaix Ventures.

Paul Fenton, president and CEO reported "This financing will support the expansion of our sales and marketing organization, as well as a manufacturing scale-up for the Axya Shoulder Fixation Product Line used in arthroscopic shoulder...

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Source: Health Business Week (2004-05-14)

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