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Absorbable medical devices firm Tepha Inc. has raised $4.97 million of a planned $5.15 million equity financing, the company reported in a regulatory document.

Lexington-based Tepha makes absorbable biomaterials that the company says adds flexibility, elasticity and biocompatibility to medical device products. Its TephaFLEX polymer has been used in FDA-approved surgical suture and surgical meshes.

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