Gamma Medica said it’s closed a $16 million Series A round from Psilos Group Managers.
The Northridge, Calif.-based company said it plans to use the cash to expand the commercial footprint of its LumaGen molecular breast imaging device and the LumaGuide biopsy model.
"This funding enables Gamma Medica to provide leading-edge technology designed to aid breast radiologists in diagnosing difficult cases, particularly in women with dense breast tissue, and provides the financial capability to drive market expansion of MBI. We value our relationship with Psilos and are committed in the fight against breast cancer through early diagnosis," president & CEO Jim Calandra said in prepared remarks.
Last week the company revealed $3 million of the round in a regulatory filing.
Gamma Medica earlier this year filed for Chapter 11 bankruptcy, offloading its molecular breast imaging and preclinical imaging businesses to separate buyers.
Deerfield buys 17% stake in CasMed
Various Deerfield Capital Management entities and founder James Flynn acquired a nearly 17% stake in CAS Medical Systems (NSDQ:CASM), buying up a total of 3.2 million shares worth an aggregate $5.7 million at yesterday’s $1.62 closing share price. CasMed priced a public offering of 5.2 million shares at $1.25 per share yesterday, for a total offering value of $6.5 million.
Pharos, Water Street get in on RTI Biologics’ buyout of Pioneer Surgical
RTI Biologics (NSDQ:RTIX) said it’s changed its name to RTI Surgical now that its $130 million buyout of Pioneer Surgical Technology is complete. Private equity shop Pharos Capital said it cashed out of Pioneer Surgical after leading a $30.5 million round in 2006 and a Series B round worth $17 million in 2008. Water Street Healthcare Partners, another PE player, said it fronted $50 million to RTI to help fund the deal.
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