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Intact Vascular Reels in $11 Million



8/31/2012 7:45:34 AM

Philadelphia Business Journal by Peter Key, Reporter

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.




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