Pluromed Raises $1.1M

4/22/10

Pluromed, a Woburn, MA-based maker of medical devices, has raised $1.1 million of a planned $3.9 million equity offering, from 16 investors, according to an SEC filing. Founded in 2003, Pluromed develops devices designed to control bleeding in a range of surgeries, from cardiac and vascular to reconstructive procedures, that can also be used to treat kidney stones. The company, which was unavailable at press time for further comment on the new funding, received a $500,000 loan last year from the Massachusetts Life Sciences Center, an agency in charge of implementing the state’s $1 billion plan for advancing the life sciences industry.

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