InSightec notches $15 million investment

AuntMinnie.com staff writers
Mar 18, 2009

Focused-ultrasound developer InSightec of Haifa, Israel, has closed an internal round of financing, the company reported.

Elbit Imaging of Tel-Aviv, Israel, has invested $7.5 million in the company and said it will invest an additional $7.5 million in the next 12 months.

InSightec plans to use the funds to expand its R&D efforts, for marketing and sales activities, and for general corporate purposes, the company said.

Related Reading

InSightec raises $30 million, November 30, 2007

InSightec proceeds with phase I trial, September 26, 2007

InSightec nabs CE Mark, June 7, 2007

InSightec nets Canadian approval, March 12, 2007

InSightec nets FDA clearance for new software, March 5, 2007

Copyright © 2009 AuntMinnie.com

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