Med-tech company Torax Medical Inc., which makes a ring-shaped device that treats acid-reflux disease, has closed on $25 million in equity financing. Torax CEO Todd Berg couldn't immediately be reached for comment on the round of funding, which the Shoreview-based company disclosed in a regulatory filing Monday...."> Med-tech company Torax Medical Inc., which makes a ring-shaped device that treats acid-reflux disease, has closed on $25 million in equity financing. Torax CEO Todd Berg couldn't immediately be reached for comment on the round of funding, which the Shoreview-based company disclosed in a regulatory filing Monday...." /> Med-tech company Torax Medical Inc., which makes a ring-shaped device that treats acid-reflux disease, has closed on $25 million in equity financing. Torax CEO Todd Berg couldn't immediately be reached for comment on the round of funding, which the Shoreview-based company disclosed in a regulatory filing Monday...." />

Acid-reflux fighting startup Torax Medical raises $25M

< img src="http://media.bizj.us/view/img/9603582/dsc0672*100xx1136-1136-684-0.jpg" > Med-tech company Torax Medical Inc., which makes a ring-shaped device that treats acid-reflux disease, has closed on $25 million in equity financing. Torax CEO Todd Berg couldn't immediately be reached for comment on the round of funding, which the Shoreview-based company disclosed in a regulatory filing Monday. The investment comes almost four years after Torax landed $30 million in a round led by Piper Jaffray & Co.'s merchant banking unit. It's unclear from the filing who the investors in the … < div class="feedflare" > < a href="http://feeds.bizjournals.com/~ff/industry_6?a=5NlQ-dnfh1w:C0Tq417Pixo:yIl2AUoC8zA" > < img src="http://feeds.feedburner.com/~ff/industry_6?d=yIl2AUoC8zA" border="0" > < /img > < /a > < /div >
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news