Medipattern raises nearly $200,000 in capital

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Medical software developer Medipattern has raised CAD $200,000 ($193,000, U.S.) through a non-brokered private placement of one million common shares of company stock.

Earlier this Fall, the company raised $2.5 million ($2.42 million) under similar terms. The Toronto-based company said the funds will be used for general working capital purposes, including the development of its B-CAD-For-Life solution.