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eNeura Nabs New Investment Funding

Monday, March 14, 2016 5:20:00 AM PDT | VentureDeal



Baltimore, Maryland  --  Medical device technology company eNeura has secured $560,000 in a new investment financing.

eNeura says that it is "pioneering the use of portable, non-invasive Transcranial Magnetic Stimulation (TMS) devices for treatment of migraine" headaches.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

A total of 70 investors participated in the offering as amended.

eNeura is still seeking $24.7 million in additional equity investment, according to the filing.

Minimum investment size per investor was listed as $10,000.

CEO David Rosen has been with the firm since 2012, and was previously president and CEO of Aratana Therapeutics.

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