Cardiac CT Co Arineta Ltd. Raises $10 Million

Published: Nov 18, 2011

Sources inform ''Globes'' that cardiac CT developer Arineta Ltd. has raised $10 million from Israeli and foreign private investors. The proceeds should enable the company to complete development of its product: a proprietary CT scanner for cardiology. The securing of the financing means that Arineta's cooperation agreement with GE Healthcare, which will market the product when it is completed, comes into effect. The financing should be sufficient for most of the development process, but Arineta will probably need additional financing for the pivotal trials. The company hopes to bring its product to market in 2014.

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