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Sanovia Corp. Closes $3 Million Series B Round

Wednesday, March 28, 2007 8:30:00 AM PDT | VentureDeal Staff

PHILADELPHIA, PA -- Sanovia Corporation announced the closing of its series B round, receiving $3 million from HLM Venture Partners and Claritas Capital.

Sanovia has developed pharmacy cost management tools for managed care organizations, including pharmacy administration, validation, documentation, utilization, cost and workflow management.

The company intends to use the expansion round financing proceeds to expand its sales and marketing efforts nationwide.

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