Conavi Medical (TSE:CNVI) has released an update.
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Conavi Medical has successfully completed a $7.7 million financing and a reverse takeover to become a public company, setting a strong financial foundation for future growth. The company’s Chinese partner secured regulatory approval, leading to a $5.9 million payment and paving the way for a recurring royalty stream. With these developments, Conavi aims to expand its market presence and enhance its innovative intravascular imaging technologies.
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