Abstract:
The Cianna medical business deal was a fund raising activity whereby some investors decided to contribute some money for the improvement of devices meant for treating cancer of the breast. As much as $9 million was raised from this deal. The article below reveals certain facts about the Cianna medical business deal.
Cianna Medical Inc is a company, which is responsible for manufacturing as well as selling devices required for the treatment of breast cancer detected at an early stage thereby concentrating mainly on the health of women. Lately, the company was engaged in a fund raising activity for the betterment and effectiveness of its products. The Cianna Medical business deal raised as much as $9 million in the very first round of fund raising. There were several other investors who also actively took part for similar objectives. The different companies or investors in the Cianna medical business deal include:
- Windamere venture Partners
- Fog City Fund
- Other private investors
It may be mentioned here that Cianna medical Inc was established as a "spinout" of BioLucent Inc. The announcement of the Cianna medical business deal was made on the 26th of June 2008. Reports suggest that the fund raising was that of a "Series A" type.
Utilization of the proceeds of Cianna medical business deal:
Cianna Medical 's SAVITM applicator is a unique device for the treatment of breast cancer and has gained acceptance by many sects of medical professionals like surgeons, patients and oncologists. The SAVI applicator prevents the damage of healthy tissues around the affected area. It also decreases the duration for which a therapy for "high dose radiation" is administered to the patients. The treatment duration is decreased from one or one and a half months to 5 days. The fund raising or the Cianna medical business deal was mainly carried out for the enhancement of this product, the SAVI applicator.