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Texas stent-maker Palmaz Scientific raises $26.3M

Tue, 11/26/2013 - 5:25pm
Mass Device

Palmaz Scientific is looking to raise another $3.7 million to top off a $30 million funding round already joined by 261 unnamed investors.

Texas stent-maker Palmaz Scientific raises $26.3M

Palmaz Scientific is nearing the close of its $30 million funding bid, with just $3.7 million needed to close the round, according to regulatory filings.

The company revealed in an SEC document that it raised $26.3 million from 261 unnamed investors, with as much as 10% of the take going to cash commissions for its placement agents.

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