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Hancock Jaffe Sells $41.4M In Stock To Fund Venous Therapies

 
• By Reed Miller

The new public offering will fund the US pivotal trial of the company’s VenoValve device to treat chronic deep venous insufficiency in the legs.

• Source: shutterstock.com (Shutterstock)

Hancock Jaffe Laboratories will fund a pivotal trial of its VenoValve device to treat lower limb chronic deep venous insufficiency with $41.4m raised in a new public stock offering completed on 11 February.

The company sold nearly 6 million shares of common stock and warrants to purchase nearly 3 million common shares, exceeding its original expectations for the offering. On 9 February, the...

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