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Intelect Medical Nets $11 Million New Financing

Monday, November 17, 2008 5:54:00 AM PDT | VentureDeal Staff

Cleveland, Ohio  --  Medical device company Intelect Medical said that it has secured $11 million in strategic investment.

Intelect Medical helps patients suffering with conditions as a result of brain injury by providing neuronal modulation solutions.

Boston Scientific Corporation made the investment, which was part of a much wider agreement to share technology and develop a closer relationship.

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