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Financings in Brief: Novoste

This article was originally published in The Gray Sheet

Executive Summary

Novoste: Completes a $2 mil. private placement, the second round of venture financing for the privately-held interventional cardiology and electrophysiology products firm. The placement includes $1 mil. investments each by The Hillman Company of Pittsburgh, Pennsylvania, which provided Novoste's first stage financing, and Noro-Moseley Partners of Atlanta. Funds will help advance Novoste's efforts to develop a catheter system "designed to deliver therapy for the inhibition of restenosis," Novoste says...



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