Pluromed, a Woburn, MA-based maker of medical devices, has raised $1.1 million of a planned $3.9 million equity offering, from 16 investors, according to an SEC filing. Founded in 2003, Pluromed develops devices designed to control bleeding in a range of surgeries, from cardiac and vascular to reconstructive procedures, that can also be used to treat kidney stones. The company, which was unavailable at press time for further comment on the new funding, received a $500,000 loan last year from the Massachusetts Life Sciences Center, an agency in charge of implementing the state’s $1 billion plan for advancing the life sciences industry.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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