Cadence Biomedical reported raising $1.3 million in a Feb. 28, 2013, regulatory filing:
Company: Cadence Biomedical
Raise: $1.3 million
Security: Equity, Options & Warrants
Investors: 48
Sales Commission: $0
Finders’ Fees: $0
Carticept Medical closed a $10 million financing led by existing investors Domain Associates, New Enterprise Associates and SonoSite Inc.
The Alpharetta, Ga.-based company said it will use the proceeds to fund the commercial launch of its Navigator computer-controlled drug delivery system. The device uses ultrasound guidance to deliver medications for joint pain.
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