Cardiac Concepts reels in $27 million

August 25, 2010 by MedCity News

Cardiac Concepts Inc., which is developing a neurostimulation device to treat a form of sleep apnea, raises $27.2 million in an equity offering.

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Cardiac Concepts Inc. raised $27.2 million in an equity offering, according to documents filed with the Securities & Exchange Commission.

The company, based in Minnetonka, Minn., is developing a pacemaker-like device that uses electricity to treat sleeping disorders.

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