TechniScan to raise $10 million

Ultrasound breast imaging developer TechniScan Medical Systems has signed an exclusive agreement with investment banking firm Maxim Group for a $10 million private placement of equity financing.

Salt Lake City-based TechniScan said that about half of the $10 million has already been raised, complementing federal research grants totaling $8 million and prior private investments of over $3 million. The company expects to complete this round of financing in September.

By staff writers
August 30, 2004

Related Reading

TechniScan raises $2 million, February 4, 2003

TechniScan system completes phase I trials, January 29, 2003

TechniScan adds to management team, June 18, 2002

TechniScan unveils breast-specific ultrasound, February 13, 2002

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