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Neograft Technologies takes in $5M in new funds

Tue, 08/09/2011 - 10:46am
Mass High Tech: The Journal of New England Technology

Medical device startup Neograft Technologies Inc. has closed on a $5 million funding round led by an unnamed Pennsylvania private investment fund, according to a company release.

Born at the University of Pittsburgh and based in Taunton, Neograft also received backing in the round from a second unnamed investment fund and from several private investors, the company said. The new funds will be used to complete preclinical testing and development of the company’s Angioshield technology for use in structural support of veins during heart bypass procedures.

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