Abilitech Medical raises $7.4 million

Abilitech Medical Inc. announced on Tuesday that it had closed on a $7.4 million fundraising round in late November. The round was first announced as a $6.5 million equity sale earlier this year in an SEC filing. At the time, Abilitech had raised $812,500 from 19 investors. Abilitech hopes to get FDA clearance for its Abilitech Assist device early next year. The wearable device helps restore upper arm mobility to patients suffering from neuromuscular issues, such as multiple sclerosis or muscular…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news