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SynCardia raises $14M for smaller total artificial heart

Tue, 12/17/2013 - 9:28am
Mass Device

SynCardia pulls in another $14 million to develop a smaller version of its total artificial heart for bridge-to-transplant therapy.

SynCardia raises $14M for smaller total artificial heart

SynCardia said it brought in another $14 million funding round, led by a $10 million contribution from SWK Holdings, that it plans to use to develop a smaller version of its total artificial heart.

Tucson-based SynCardia said Athyrium Capital Management contributed the remaining $4 million as a follow-on to its $10 million investment in March.

The medtech company said it plans to use the cash to develop a 50cc version of its total artificial heart for bridge-to-transplant therapy for heart disease patients awaiting a transplant. SynCardia's 70cc device is already approved in the U.S., Canada and countries that recognize the European Union's CE Mark.

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