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March 21, 2011

Med Device Co. Wins $5M Financing

Marlborough medical device company CardioFocus has secured $5 million in debt financing to move a U.S. trial forward and expand its commercialization efforts in Europe.

The company's endoscopic ablation system is designed to help doctors visualize cardiac anatomy and perform trans-catheter procedures to treat atrial fibrillation.

The funding comes from Silicon Valley Bank of California, where CardioFocus has been a long-time client.

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