Syncro Medical Innovations, a St. Petersburg, Fla., developer of magnet-assisted feeding tubes, raised $300,000 in a bridge financing leading to an expected $5 million round later this year, VentureWire reports (subscription required). Norwich Ventures provided the financing.
Syncro’s enteral feeding tubes are tipped with a magnet that allows medical personnel to guide it down the esophagus, through the stomach and into the small intestine using an external magnet.
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