ART Advanced Research Technologies, a Canadian medical device company,
has closed its previously announced private placement of preferred
shares for total proceeds of $6 million to OppenheimerFunds and other
long-time shareholders of ART.
IsoRay, a medical isotope company, has reported an increase in revenues
and a decrease in net losses for its financial results for the fourth
quarter and the 2008 fiscal year, which ended June 30.
Covidien has established Covidien Ventures, a venture capital group
focused on investing in companies developing new medical devices,
diagnostics and pharmaceuticals.
International Isotopes has reported an increase in revenue and a
decrease in net loss for its financial results for the second quarter,
which ended June 30.
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