Therative, a Livermore, Calif., medical-device maker, raised $9 million in a third round of financing, largely to fund television ads for its consumer-oriented acne product.
Therative makes and markets a pimple-clearing device called ThermaClear, which received FDA “clearance” for direct consumer sales last year. The device releases pulses of heat designed to kill bacteria inside pimples, supposedly in a manner similar to laser treatments offered by dermatologists. The company sells ThermaClear over the Internet for $149.95.
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