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USGI Medical Nets Venture Capital Equity and Debt

Wednesday, January 28, 2015 5:46:00 AM PDT | VentureDeal
San Clemente, California  --  Medical device technology company USGI Medical has landed $19.5 million in venture capital debt and equity financing.

USGI has developed an operating system to allow complex surgical procedures utilizing only the natural passageways of the G.I. tract for access.

Investors in the financing were not disclosed.

The company said the funding would be used to extend the commercial launch of its primary obesity surgery endomumenal product in Europe and the Middle East and to begin commercialization activities in the US.

Proceeds will also fund a crossover study and other related studies.

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