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Osprey obtains $17.3M in oversubscribed offering

An oversubscribed offering of about 55.5 million Chess Depositary Interests pulled in approximately $17.3 million for Osprey Medical. The company, which is seeking to obtain $8.2 million in an additional entitlement offer, intends to use the proceeds for US sales force expansion, post-approval market trials, a pilot sales program in Germany and continued research and development.

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