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Direct Flow Medical Raises $40 Million Venture Capital

Tuesday, October 06, 2009 5:40:00 AM PDT | VentureDeal Staff

Santa Rosa, California  --  Medical device company Direct Flow Medical has secured $40 million in its third round of institutional venture capital and strategic financing.

Direct Flow says that it is developing a percutaneous aortic tissue valve prosthesis.

Past investors in the company include Foundation Medical Partners, EDF Ventures, New Leaf Venture Partners, Spray Venture Partners and the Johnson & Johnson Development Corporation.  The company did not disclose how the funding proceeds would be used.

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