Deal Announcements

ALung Tech Raises New Venture Capital Financing

Thursday, October 08, 2009 5:37:00 AM PDT | VentureDeal Staff

Pittsburgh, Pennsylvania  --  Medical device company ALung Technologies has secured $2.5 million in a new round of venture capital investment.

ALung is developing "intra-and extracorporeal gas exchange device for the treatment of acute and chronic respiratory disorders."

Investors in the round were not disclosed, however the company said that the funding proceeds would be used to fund its Indian and German clinical trials.

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