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Venture Capital News: Thermedical Heats Up with $1.5M Series A

2012-03-20
SOMERVILLE, MA, Developer of thermal therapy equipment raised $1.5 million in its first round of venture capital.
Thermedical, a privately held company developing proprietary thermal therapy equipment for numerous clinical conditions, announced that it closed $1.5 million in Series A funding with a private investor, Samuel H. Maslak, Sc.D. The financing will fund continued research and development, and additional patent filings; it will also help the company achieve 510(k) regulatory clearance from the U.S. Food & Drug Administration (FDA).

Thermedical is developing preclinical prototypes for a Saline-Enhanced Radio Frequency (SERF) ablation system for treating malignant solid tissue, such as liver cancer, and for difficult-to-treat cardiac arrhythmias, such as ventricular tachycardia (VT).

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