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Hansen Medical Secures $30 Million Debt Facility
Hansen Medical
The company also recently announced a $10 million equity private placement.
By Mark Ingebretsen

Hansen Medical, Inc., a leader in flexible catheter robotics and the developer of robotic technology for accurate 3D control of catheter movement, today announced that it has secured a $30 million debt facility through Oxford Finance and Silicon Valley Bank. The proceeds from this financing will be used for general corporate purposes.

“This facility, along with the recently announced $10 million equity private placement, and $3 million milestone payment received under our joint development agreement with Philips, provides the company with a strong cash position as we begin the commercialization of our Magellan(TM) Robotic System in Europe and anticipate the Magellan’s 510(k) clearance and initial launch in the US in the…

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