Financings in Brief: Medical Device Technologies Inc.
This article was originally published in The Gray Sheet
Executive Summary
Medical Device Technologies Inc.: Raises $1.7 mil. in a private placement bridge financing. The company says proceeds will support development of its Cell Recovery System (CRS) and Intercranial Pressure Management Device (ICP), and will allow it "to go forward with marketing" of its Personal Alarm System for monitoring infection barriers around patients. The funds will be repaid upon completion of the company's pending $5.3 mil. preferred stock offering, announced during the summer ("The Gray Sheet" Aug. 7, 1995, p. 20)...