Clear Catheter Systems Raises $1.2 million
10/6/2010 7:28:15 AM
Portland Business Journal -- Clear Catheter Systems Inc. on Tuesday announced it raised $1.2 million in a recently closed equity financing round.
The Bend-based medical device startup develops products to prevent clogging of medical tubing and improve surgical drainage. Clear Catheter will use the funds to launch its lead product, the PleuralFlow Active Tube Clearance System, and for continued technology development.
The round was led by the Oregon Angel Fund.