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Proceeds to Advance Clinical Trial
Apnex Medical, Inc, a private medical device company, has received private financing totaling $10 million from New Enterprise Associates (NEA). The funds will be used to support the ongoing Apnex Clinical Study. The study is evaluating the safety and effectiveness of the Hypoglossal Nerve Stimulation (HGNS®) System in obstructive sleep apnea (OSA) patients.