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Carbylan Closes $20 Million Second Round

Tuesday, November 27, 2007 5:30:00 AM PDT | VentureDeal Staff

PALO ALTO, CA -- Medical device company Carbylan BioSurgery, Inc. said that it has secured $20 million in new investment from a syndicate of venture capital firms.

Carbylan develops bioresponsive medical products that enhance healing, provide better surgical outcomes and hope to improve the quality of patient life.  The company has several lead product candidates such as chemically engineered polymers of hylauronic acid.

Investors in the round included Vivo Ventures, Alta Partners and InterWest Partners.  The company said it will use the proceeds to advance its lead candidates through clinical trials.

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