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HyperMed Nets $4 Million Venture Capital

Tuesday, May 27, 2008 5:31:00 AM PDT | VentureDeal Staff

WALTHAM, MAs --  Medical device company HyperMed has raised $4 million in a new round of venture capital funding.

HyperMed is applying hyperspectral technology to medical applications via its flagship diagnostic device, the OxyVu-1, which has received FDA clearance for use in assessing patients for poor tissue circulation.

GBP Capital made the investment.  The company said the proceeds would be used to support its ongoing marketing and sales initiatives of its lead product.

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