Sontra bags $1m in financing:
This article was originally published in Clinica
Ultrasound skin permeation technology developer Sontra Medical (Franklin, Massachusetts) has closed a $1m round of financing from various accredited investors. The company issued one million units at a price of $1 per unit (each unit consisting of one Sontra share and a warrant to purchase 0.3 shares of the company's stock at an exercise price of $1.40). Sontra hinted that further financing rounds may occur in the future along the same terms but with the aim of raising up to $2m.