EVL (endovenous laser) firm Diomed raises $10.6m in private placement
This article was originally published in Clinica
Executive Summary
Andover, Massachusetts-based Diomed has completed a $10.6m private placement financing consisting of common stock and convertible debt. Although some of the money is earmarked for sales and marketing initiatives, a key motivation for the financing was to fund the company's litigation against rival firms in the varicose vein treatment space.