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Home > Cerapedics raises $19M in Series C round

Cerapedics raises $19M in Series C round

Mass Device

Medical device company Cerapedics raises $19 million in a Series C funding round for its cervical spine bone graft technology.

Cerapedics

Cerapedics [1] said it closed a Series C equity round worth $19 million, led by new investors MedImmune Ventures and CVF LLC, an affiliate of Henry Crown & Co.

Existing backers OrbiMed Advisors and NGN Capital also participated, according to a press release.

Cerapedics said it plans to spend the proceeds on the investigation device exemption trial of its i-Factor peptide-enhanced bone graft technology, which is designed to treat problems in the cervical spine "and prepare for commercialization upon FDA approval," according to the release.

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Links:
[1] http://www.massdevice.com/companyorganization/cerapedics-inc