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Home > News > Sphere Medical Holding Limited Secures £4 Million

March 29th, 2005

Sphere Medical Holding Limited Secures £4 Million

Abstract:
Sphere Medical Holding Limited, the Cambridge (UK) based medical microtechnology company, is pleased to announce that it has raised £4 million in private equity funding. The financing, which was significantly oversubscribed, was organised by Oakes, Lyman & Co Ltd with additional participation by SpringHill Bioventures, Herald Ventures, Artemis, Hotbed and the Generics Group. The money will be used to continue the development of Sphere's microchip-based medical products and initiates a £500,000 Exceptional Development Award, which Sphere was recently awarded by the DTI.

Source:
medadnews.com

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