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Active Implants Lands $5 Million Venture Capital Debt

Wednesday, May 16, 2012 5:32:00 AM PDT | VentureDeal Staff

   Memphis, Tennessee  --  Medical material designer Active Implants has raised $5.2 million in venture capital debt financing, according to a regulatory filing.

Active Implants says that it is developing a new material that can last longer and do a better job fighting off infection.

Investors in the financing were not disclosed.

The company is still seeking $1.7 million in additional financing, according to the filing.

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