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CardioFocus claims $5M credit line with Silicon Valley Bank

Mon, 03/21/2011 - 6:38am
Mass High Tech: The Journal of New England Technology

Marlborough medical device company CardioFocus Inc. has landed the anticipated $5 million credit facility from Silicon Valley Bank, which the company says it will use to start a U.S. trial of its Endoscopic Ablation System in heart surgery.

In February, CardioFocus CEO Stephen Sagon mentioned the planned credit line in an interview about the company’s latest venture capital round, in which it raised $13.64 million of a planned $15.64 million. 

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