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Axya Medical raises $6.8m for arthroscopic development

This article was originally published in Clinica

Executive Summary

Beverly, Massachusetts-based Axya Medical has raised $6.8m from several venture capital firms led by The Vertical Group, of Summit, New Jersey. Axya president and CEO Paul Fenton said that the funds would be used to support expansion of sales and marketing, secure more distributors in the US and develop new products for the Axya Shoulder Fixation System used in arthroscopic shoulder procedures following sports or other injuries.

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