A private placement has brought in approximately $4.9 million for Oventus Medical, an Australian company that makes oral devices for treating snoring and obstructive sleep apnea. The company, which is still seeking to obtain about $379,000 in a second tranche placement, intends to use the proceeds for boosting working capital, as well as to support co-marketing partnerships in the US and Australia.
Placement pulls in about $4.9M for Oventus Medical
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