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Article: Fund closes first round, prepares to invest in medical device companies.
- Article from:
- Medical Devices & Surgical Technology Week
- Article date:
- December 14, 2003
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2003 DEC 14 - (NewsRx.com & NewsRx.net) -- BioStar Private Equity Fund, LLC, completed its initial closing on November 1, 2003.
The medical device venture fund is "a unique structure in venture capital investing." The medical Advisory Board members are at the center of the animal and human clinical evaluation of nearly all-new cardiovascular technologies and have a vested interest in the fund's success. Consequently, "we will not only be in a position to observe new technologies at their earliest stage, but invest in and fertilize their development and then provide the clinical leadership to accelerate their market acceptance," said its founder, Louis Cannon. The ...