Financings in Brief: Focal Inc.
This article was originally published in The Gray Sheet
Executive Summary
Focal Inc.: Surgical wound healing and local, site-specific drug delivery company raises $19.7 mil. in a private placement of preferred stock to venture capital and institutional investors. Patricof & Company, the lead investor in the placement, was one of a group of new investors that accounted for 70% of the proceeds, the firm says...