Cardiva Medical Raises $30 Million

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    Cardiva Medical announced that the company has completed closing of a $30 million equity financing. The equity round included new investor, affiliates of Luther King Capital Management, and drew continued participation from all of Cardiva Medical’s existing major investors, including PTV Healthcare Capital and the Canepa Advanced Healthcare Fund.

    The financing will be used to continue the rapid commercial expansion of the VASCADE® Vascular Closure System – and to fund Cardiva’s proprietary, next generation closure technologies that are in development.

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