Tuesday, October 4, 2011

Medical device maker CV Ingenuity raises $16 million

In its second round of venture funding, CV Ingenuity raised $16 million.
The Palo Alto company makes a medical device — a balloon that releases a drug — used to treat vascular disease.
New Enterprise Associates led the round and put Ryan Drant and Justin Klein on the board of directors at CV Ingenuity.

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