Intact Vascular Reels in $11 Million
Intact Vascular Inc. has raised $11.2 million in a private-equity sale, according to a filing the Wayne, Pa., company made with the Securities and Exchange Commission on Thursday.
Intact Vascular filed to sell $18.8 million, so it can still raise $7.6 million from the round, according to the filing, which was provided to the Philadelphia Business Journal by FormDs.com.
Intact Vascular has developed a stapling device that is designed to optimize peripheral angioplasty results for the treatment of peripheral artery disease. In a peripheral angioplasty, a balloon is used to open a blood vessel outside the coronary arteries.
As Intact Vascular LLC, the company raised $1.1 million in a private debt offering in January and $1.25 million in a private sale of debt and other securities in February.