Deals this week: Articulus Bio, Zecotek Photonics, Dilon Technologies

5 January 2018 (Last Updated January 5th, 2018 09:30)

Articulus Bio LLC has raised funds through a venture financing round led by a group of physician and investor members of AngelMD.

Articulus Bio LLC has raised funds through a venture financing round led by a group of physician and investor members of AngelMD.

The US-based orthopaedic company proposes to use the funds to expand its business.

Zecotek Photonics Inc raised C$0.3m ($2.37m) through a non-brokered private placement of ten million units priced at C$0.3 (US$0.23) each.

Each unit consists of a common share and a common share purchase warrant, which permits the holder to acquire one share at a price of C$0.43 ($0.34) within two years of the closure of the offer.

Zecotek is a photonics technology developer based in Canada.

The company plans to use the funds for commercialisation and patent maintenance of its IP portfolio, as well as for general corporate purposes.

“The deal enables the US-based medical imaging products developer to expand its business into the anaesthesia and airway space.”

Dilon Technologies Inc has acquired advanced airway management device CoPilot VL video laryngoscope from its cofounders Jay Tydlaska and Amy Sheppard.

The deal enables the US-based medical imaging products developer to expand its business into the anaesthesia and airway space.

US-based clinical-stage medical device company Aegea Medical Inc has raised $40m in a venture financing round led by Perceptive Advisors LLC.

Perceptive Advisors provided $30m of the total financing, while the remaining $10m was provided by existing equity investors.

Aegea Medical plans to use the funds for its business operations.