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Cancer treatment company NeuWave raises $5.5 million

December 30, 2010 2:47 pm by | 0 Comments

NeuWave's Certus device

NeuWave's Certus device

The Wisconsin medical device company NeuWave Medical has raised more than $5.5 million ahead of its sales efforts for a cancer treatment that recently won federal approval, according to regulatory filings.

The U.S. Food and Drug Administration in late October granted a 510(k) marketing clearance for NeuWave’s Certus 140TM 2.45 GHz Ablation System. The device attacks tumors with microwave energy in a way that cuts treatment times, can more accurately target tissue and utilizes a smaller-diameter needle, according to the company.

NeuWave said in November it would begin selling the Certus device in January. While the company closed on $5.5 million in funding, it could raise up to $8 million, according to its filing with the Securities and Exchange Commission.

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Wisconsin’s Venture Investors is among the investors in NeuWave.

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Chris Seper

By Chris Seper MedCity News

Chris Seper is the CEO at MedCity Media, which publishes MedCityNews.com. He is also a senior writer at MedCity News. Reach him at chris@medcitynews.com.
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