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Marlborough-based CardioFocus Raises $11 Million in Debt Financing led by Oxford Finance and Silicon Valley Bank

CardioFocus, a Marlborough-based medical device manufacturer, announced on Thursday it has raised $11 million of debt financing in a deal that was led by Oxford Finance and Silicon Valley Bank. CardioFocus is developing an endoscopic ablation system that incorporates an endoscope to provide physicians with the capacity to see within the heart, and visually direct the application of laser energy to achieve durable pulmonary vein isolation. The device is investigational in the U.S., and currently the focus of a pivotal trial initiated in 2012.

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