Company name: ExoStat Medical Inc.
Industry: Medical Devices.
Location: Prior Lake, Minnesota.
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Solution/product: MicroStat is a hand-held system that measures CO2 levels under the tongue to diagnose septic shock.
Money raised: $565,000; seeking $4 millionin total.
How it will be used: A call to company was not immediately returned.
Investors: Unknown; shares were distributed among chairman and two company officers.
Management team: Hayden Fleming, chairman; Charles Snead Jr., secretary and treasurer; Kent Winger, executive vice president and chief operating officer.
Market size: $600 million opportunity, according to the company.
By Arundhati Parmar
Arundhati Parmar is the Medical Devices Reporter at MedCity News. She has covered medical technology since 2008 and specialized in business journalism since 2001. Parmar has three degrees from three continents - a Bachelor of Arts in English from Jadavpur University, Kolkata, India; a Masters in English Literature from the University of Sydney, Australia and a Masters in Journalism from Northwestern University in Chicago. She has sworn never to enter a classroom again.More posts by Author
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