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Biotech / Medical : CryoGen - Dobak - Intercool Therapies

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To: Jack Hartmann who started this subject9/17/2000 10:59:11 PM
From: Jack Hartmann   of 4
 
CryoCor Is Formed And Closes $7 Million Round Of Financing

SAN DIEGO--(BUSINESS WIRE)--Sept. 14, 2000--CryoCor, Inc., a newly formed medical device company in San Diego, Calif., has closed $7 million of financing from MPM Capital, LLC. CryoCor will develop cardiac arrhythmia management systems based on cryogenic ablation technology licensed from medical device manufacturer CryoGen, Inc., the first company to develop a cryogenic system for uterine ablation. Funds from the financing will be used to complete development of CryoCor's first generation product, the Glacier(TM) Cardiac Ablation System, obtained from CryoGen in the spinout of CryoCor. These funds will also be used for initiation of both US and European clinical trials to evaluate the Glacier System for supraventricular tachyarrhythmias, including atrial fibrillation ablation.

biospace.com
Jack
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