NovaScan raises development capital

Breast cancer imaging start-up NovaScan has raised $285,000 in equity funding from investors, with another $100,000 available to it through grants and loans.

The funds will be used to finance the production and testing of a prototype breast cancer imaging device. The device, which identifies tissue types inside the breast on the basis of their electrical properties, is designed to augment x-ray mammography, according to the Milwaukee-based developer.

By AuntMinnie.com staff writers
August 16, 2006

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