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Neograft Technologies Grabs $5M

2011-08-09
Round led by an unnamed Pennsylvania private investment fund.
TAUNTON, MA, According to Mass High Tech, Medical device startup Neograft Technologies Inc. has closed on a $5 million funding round led by an unnamed Pennsylvania private investment fund.

Born at the University of Pittsburgh and based in Taunton, Neograft also received backing in the round from a second unnamed investment fund and from several private investors, the MHT report said. The new funds will be used to complete preclinical testing and development of the company's Angioshield technology for use in structural support of veins during heart bypass procedures.

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