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Angiology
Bifurcated Stent Company Stentys Completes $18 Million 'Series B' Venture Financing
April 4th, 2008
Medical device pioneer Stentys announced that it has completed an $18 million 'Series B' round of venture financing. The lead investor was UK venture firm Scottish Equity Partners. Series A investor Sofinnova Partners also participated in the B round. Aelios Finance served as financial advisor to Stentys. Brian Kerr, one of the founding directors of Scottish Equity Partners and a Partner in the firm's Healthcare Group, will join the Stentys Board of Directors. Coronary artery disease, one of the leading causes of mortality in the world, is caused by fatty lesions that narrow the coronary artery and reduce blood flow, resulting in an often-lethal myocardial infarction...
Source: Health Business Week (2008-04-04)
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