Preceptis Medical said it closed a funding round worth $4.4 million.
Plymouth, Minn.-based Preceptis Medical makes surgical tools for a children’s ear tube procedure called pediatric tympanostomy surgery.
The Preceptis ear tube introducer, which is in a clinical trial ahead of an application for 510(k) clearance from the FDA, is designed to eliminate the need for general anesthesia during tympanostomies.
Preceptis brought in the cash via an equity offering to 34 unnamed investors, according to a regulatory filing.
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