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ChromaVision Medical Systems

This article was originally published in The Gray Sheet

Executive Summary

Private placement of 1.78 mil. common stock shares at $11.25 each with selected institutional and other accredited investors raises $20 mil. The San Juan Capistrano, California firm rolled out its ACIS automated cellular imaging system in July following FDA clearance (1"The Gray Sheet" Aug. 2, In Brief). Proceeds will be used to continue the firm's transition from R&D to "active promotion and selling" of the ACIS system, the company reports. Prudential Vector Healthcare Group was placement agent for the financing

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