Minimally Invasive Surgery
Veran Medical Technologies said it brought in $2.9 million in a funding round it hopes will eventually add $5 million to its coffers.
The St. Louis-based medical device company, founded in 2005, is developing devices for diagnosis & minimally invasive surgery.
Cambridge Endoscopic Devices closed a debt and options offering after meeting it $2.9 million target for the round.
Framingham, Mass.-based Cambridge Endo makes medical devices used for single-incision laparoscopy procedures.
The company secured the funding from 8 unnamed investors, according to a regulatory filing.
California medical device maker Vertos Medical was dealt a blow this week when the Centers for Medicare & Medicaid Services issued a Proposed Decision Memo rejecting coverage for image-guided lumbar decompression surgery in treatment of lumbar spinal stenosis.