Monteris Medical, maker of tumor-destroying lasers, raises $13.7M

Minnetonka-based brain surgery company Monteris Medical Inc. raised $13.7 million in a recent funding round, according to a securities filing. The company, which makes laser technology to destroy tumors, secured the financing in exchange for equity, the filings says. There were three investors, with the first date of sale Sept. 2. Monteris did not respond to requests for comment. The company ’s central business is its NeuroBlate System, which is a neurosurgical tool that uses lasers to remove…
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