Thermal breast imaging firm Computerized Thermal Imaging has signed private financing agreements that will provide the vendor with up to $22.5 million in additional working capital. The financing consists of a $2.5 million convertible debenture and a $20 million equity line, according to the Lake Oswego, UT-based vendor.
CTI said it will use the funding to conduct additional clinical studies of its breast cancer imaging system, and move forward with testing of its pain management and turbine blade system.
By AuntMinnie.com staff writersDecember 21, 2001
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