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Aurora Imaging Technology, Inc.

Imaging company closes equity round

Published in Health Business Week, February 4th, 2005

Aurora Imaging Technology, Inc., completed $3.0 million of its Series B Preferred Stock Offering and concurrently converted approximately $7.7 million of existing debt into Series A preferred stock and common stock resulting in an increase in equity of approximately $10.7 million.

The equity funding and debt conversion were fully led by existing shareholders.

"Breast MRI continues to gain acceptance as an invaluable tool in the detection, diagnosis and management of breast disease and Aurora, as the developer and manufacturer of the only MRI system commercially available that is designed specifically and only for breast imaging, is continually...

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