CTI to receive $22.5 million in financing

AuntMinnie.com staff writers

Dec 20, 2001

Thermal breast imaging firm Computerized Thermal Imaging has signed private financing agreements that will provide the vendor with up to $22.5 million in additional working capital. The financing consists of a $2.5 million convertible debenture and a $20 million equity line, according to the Lake Oswego, UT-based vendor.

CTI said it will use the funding to conduct additional clinical studies of its breast cancer imaging system, and move forward with testing of its pain management and turbine blade system.

By AuntMinnie.com staff writers
December 21, 2001
Related Reading

CTI begins in-house manufacturing, August 15, 2001

CTI signs on four distributors, August 9, 2001

CTI secures CE Mark, June 20, 2001

CTI submits final module of PMA application, June 18, 2001

CTI adds six distributors, May 24, 2001

Copyright © 2001 AuntMinnie.com

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