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Aurora Imaging Technology, Inc.
Aurora Imaging Technology closes $10M preferred stock sale
June 2nd, 2006
Aurora Imaging Technology, Inc., (Aurora) announced the sale of $10 million of Series C Preferred Stock to two equity funds managed by the Pharos Capital Group (Pharos Capital Partners II and Pharos Capital Partners II-A). Aurora will use the new capital to expand selling and marketing activities both nationally and internationally in commercialization of the Aurora 1.5T Dedicated Breast MRI System with Bilateral UltraRODEO. Aurora manufactures the only breast MRI system designed specifically and exclusively for breast imaging optimized to detect and diagnose breast cancer. "As our product gains wider acceptance, coupled with the dramatic growth the...
Source: Medicine & Law Weekly (2006-06-02)
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